BTC slowly retracing to paint fourth wave. Heavy resistance above.
Waiting for confirmation at top of channel to close long position. Then prepare for short-side move.
Waiting for confirmation at top of channel to close long position. Then prepare for short-side move.
Trade active
Long position was closed at 11,500.As expected, resistance was not broken and we will continue down from here.
Congratulations to those who were patient. We are still in bearish move.
Important levels for possible bottoming patterns are 5000 and 3000.
Will update as necessary.
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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.