BTC reached the buying zone highlighted on the last TA, I think we go up from here or from a 1H bullish divergence.
Target 55kish, will depend of low time frame price action. But what I'm sure of is that the market will cool down for a bit.
Reason for a bounce here : big negative fundings across all exchanges, bullish 4H divergence (check on 4H TF to see it) and good support zone.
We also dumped -25% in a straight line from ATH and until further notice we are still in a bull market and this moves result in a bounce in 90% of the time.
If you are longing here keep in mind we could still drop 5% to make a nice 1H bullish divergence and make buyers give up. Be prepared in case it happens.
GL HF, you are welcome to comment :)
Target 55kish, will depend of low time frame price action. But what I'm sure of is that the market will cool down for a bit.
Reason for a bounce here : big negative fundings across all exchanges, bullish 4H divergence (check on 4H TF to see it) and good support zone.
We also dumped -25% in a straight line from ATH and until further notice we are still in a bull market and this moves result in a bounce in 90% of the time.
If you are longing here keep in mind we could still drop 5% to make a nice 1H bullish divergence and make buyers give up. Be prepared in case it happens.
GL HF, you are welcome to comment :)
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Related publications
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Retrouvez moi sur les réseaux ici :
bento.me/thismacapital
Rendez-vous dans les orderbooks
bento.me/thismacapital
Rendez-vous dans les orderbooks
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.