BTC has rebalanced on the weekly. We have a good chance for higher price action.
Break the daily high and we might have a good chance for a higher price in the future.
https://www.tradingview.com/x/53cPt995/
Break the daily high and we might have a good chance for a higher price in the future.
https://www.tradingview.com/x/53cPt995/
Trade active
Bitcoin Daily closes at the 50% weekly line. This is what we were waiting for. From here we will have upside price action.Trade closed: target reached
The 50% weekly is now invalid. Next target is at 80.000$ Note
The TA is still valid if we close above the weekly 50% with a daily candle. The dip below at NY open can be a liquidity grab. At NY close, we will know..Note
Bitcoin has now been confirmed to break below 50% weekly. The next level is Monthly 50% which is more obvious.The price has to rebalance before it can move higher.
Be patient :-)
Note
The price has now been rebalanced on the monthly chart. It was needed since the price went up too fast. Price action must be in balance for it to move higher.Note
Do not miss this opportunity. It could be the cheapest BTC price you will ever see again.
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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.
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.