Expect some consolidation after being rejected from the 8000 level. I'd be surprised if we dumped through that level so fast I feel like we could be ranging in here for a while. Luckily for us it seems like BTC has already established a resistance area for us on the smaller TF's around 8700-8800, and that is where I have my short orders placed with a tight stop above. From having spent a lot of time looking at PA I feel like its likely for us to revisit that level possibly to give the opportunity to stack short orders and/or go for a stop run... which is why my stop is a bit higher above 8850.
For now you can see that the price is stuck under the 50% level, this of course is a bearish sign but I'm not in a hurry to get into a short thinking we're going to break 8K here I'd just rather go for IMO a better play which is short resistance. While some feel like this PA here is bearish and I would agree, I am still leaning neutral for now. GL trading
For now you can see that the price is stuck under the 50% level, this of course is a bearish sign but I'm not in a hurry to get into a short thinking we're going to break 8K here I'd just rather go for IMO a better play which is short resistance. While some feel like this PA here is bearish and I would agree, I am still leaning neutral for now. GL trading
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.