BTC more sideways action until the next dump
On my previous TA I made the mistake of using the 15min and not the 4hr as well as not zooming out to see the bigger picture (a humbling learning experience). To the point, there will be more sideways price actions/BARTs until the volatility (BB) and price range (lower highs & lower lows) are squeezed to a point where there will be the usual massive price action (up or down).
Fundamentals to remember:
- SEC BTC ETF decision, latest Feb 27th (for us living half way across the world, the next business day)
Technicals to observe:
- BTC at this time may go up as high as 3,7k to solidify the next lower high
- Some are calling 3,1k the bottom (double bottom play) however the price patterns are eerily familiar to when BTC was at 6k, may break through the buy wall.
- The price range and volatility is smaller than when BTC was at 6k, BTC may bottom between 1,8k-2,5k
- Remember to always set your S/Ls
Fundamentals to remember:
- SEC BTC ETF decision, latest Feb 27th (for us living half way across the world, the next business day)
Technicals to observe:
- BTC at this time may go up as high as 3,7k to solidify the next lower high
- Some are calling 3,1k the bottom (double bottom play) however the price patterns are eerily familiar to when BTC was at 6k, may break through the buy wall.
- The price range and volatility is smaller than when BTC was at 6k, BTC may bottom between 1,8k-2,5k
- Remember to always set your S/Ls
İşlem aktif:
On the 1D I see the H&S completed on Jan 10th. we are currently trading sideways with both dumps and pumps getting rejected.. The volume and market participation are low, so shakeouts and whale wars are common. I could see this going up again to mitigate time and to further narrow the volatility for bigger price action.
On the 1D I see the H&S completed on Jan 10th. we are currently trading sideways with both dumps and pumps getting rejected.. The volume and market participation are low, so shakeouts and whale wars are common. I could see this going up again to mitigate time and to further narrow the volatility for bigger price action.
Yorum:
Correction: Inverse H&S but not enough volume to break through the trend. Could see a retest.
İşlem aktif:
SEC ETF request has been withdrawn thus a slight dump occurred, interesting enough that does not affect the general trading consensus as the price is going back up (or weak hands trading/giving away their loss for the opportunists)
İşlem aktif:
