Massive dump yesterday night. Many retail traders went to liquidation city by using higher leverages as always!
For me, it seems that it makes a lot of sense on this 4 H chart, that we finished the correction at the 7800 areas and starting our 5th wave up. As we didn't go lower than 7600 and still remain in our uptrend on BTC
I think we will climb up rather quickly, first, we need to clear 8 k areas and find stable support there then 8200 areas to be sure we are back on track.
With the right volume from bulls, we could breach the resistance at the 8500 areas really soon.
Happy trading!
*This is not an financial advice, this is only an idea. Do your own research and act on your responsibility.
For me, it seems that it makes a lot of sense on this 4 H chart, that we finished the correction at the 7800 areas and starting our 5th wave up. As we didn't go lower than 7600 and still remain in our uptrend on BTC
I think we will climb up rather quickly, first, we need to clear 8 k areas and find stable support there then 8200 areas to be sure we are back on track.
With the right volume from bulls, we could breach the resistance at the 8500 areas really soon.
Happy trading!
*This is not an financial advice, this is only an idea. Do your own research and act on your responsibility.
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.