BitcoinShort
retracement to 40k and then back to 30k ?
with supply keeping a strong presence, I expect it to go back test again 30k and there imma evaluate how is the volume balancing. i STILL expect a retracement slightly upward before having it going down. Considering the pretty heavy supply and the struggle for the price to make some kind of move upward, even if we saw a stop in action at 30k and some slight absorption of it, i still see it go only to 40k for now. And once again I would evaluate how volume balance react at that zone. Price is for now not telling us what it really want to do so we stay ready. gonna post if it tells us more or I see more
SO FOR NOW, we could hold a short term buy, but you have to know how to read volume to be ready to get out at any moment
SO FOR NOW, we could hold a short term buy, but you have to know how to read volume to be ready to get out at any moment
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.
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.