Bitcoin is forming bearish patterns on shorter timeframes and appears to be setting up for a final downward impulse. Targeting the zone of 84,000 to 85,000 seems like a solid strategy, but I can't rule out the possibility of a spike down to 80,000.
This analysis is based on a 1-hour timeframe, so I expect the scenario to unfold within 15 to 20 hours; otherwise, it will be deemed invalid. Make sure to follow me and activate alerts to stay updated on the latest developments.
This analysis is based on a 1-hour timeframe, so I expect the scenario to unfold within 15 to 20 hours; otherwise, it will be deemed invalid. Make sure to follow me and activate alerts to stay updated on the latest developments.
Trade active
Note
Stop in BE Trade closed manually
Close here 85,600, nice profit 🎯Note
TP reached 🎯
Bitcoin day trading operations
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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.
Bitcoin day trading operations
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.