BTCUSD fractal trap
Don't fall for it again. Fake pump, fake breakout. Is everyone forgetting about the rate hike just because markets pumped? Really going to long the top? Either short or wait for more data.
Note
More data is here. Price didn't drop as expected, but this trade idea is breakeven right now after the retrace. Buy volume is just now starting to show up and the structure is starting curving upward. BTC has looked incredibly weak compared to alts over the past week or two. If you're interested in BTC specifically, it's an okay buy right now on 08/07 at $23350, but there are better opportunities than BTC right now.Note
Better late than never?
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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.