JayBigTree510

BTC breakdown targets

COINBASE:BTCUSD   Bitcoin
BTC price action along descending channel. Self explanatory... bull trap bear trap bull trap bear trap... don't get trapped... Although it really just a liquidity grab long term holders buying up supply just wait for momentum reversal if long. If short top red line has been a great place to short....Price action has been getting less volatile and trading within a tighter range... looks to be a big move coming..... Check funding rates on perpetual contracts and pricing compared to spot to get a better idea of reversal..This is not investing advice... don't get rekt.. I am guessing at least a bounce to 50 ema around the 46k-48k range.... but who knows?? haha only the market is correct just try to be correct with it. Happy 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.