Decision time for BTC
BTC managed to reach the upper resistance of the HTF accumulation pattern I mentioned in my last update.
Last week, i called that the zone around 42k would have been of great resistance/interest and a move from thereon is pivotal for the medium term price action of BTC.
I'm looking to either long or short on the retest/confirmation candles or wicks and catch the departure from this zone as early as possbile. This is summed up by the scenarios A and B on the graph.
I'm expecting a strong bounce with high volatility from this level, eitherway.
As always, happy trading!
Last week, i called that the zone around 42k would have been of great resistance/interest and a move from thereon is pivotal for the medium term price action of BTC.
I'm looking to either long or short on the retest/confirmation candles or wicks and catch the departure from this zone as early as possbile. This is summed up by the scenarios A and B on the graph.
I'm expecting a strong bounce with high volatility from this level, eitherway.
As always, 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.