Hi guys,
We can see
BTC trying to form a bottom at this range and we have an opportunity to get long for the rebound. On the daily we have a large falling wedge pattern and we are currently trading at the bottom of the wedge (not confirmed yet though):
We should watch the total crypto market capitalization as well, and here we might see a bit of weakness in the overall market so BTC is where we will likely want to be to ride the gains and liquidity:
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
We can see
BTC trying to form a bottom at this range and we have an opportunity to get long for the rebound. On the daily we have a large falling wedge pattern and we are currently trading at the bottom of the wedge (not confirmed yet though):We should watch the total crypto market capitalization as well, and here we might see a bit of weakness in the overall market so BTC is where we will likely want to be to ride the gains and liquidity:
***This is not investment advice and is simply an educational analysis of the market and/or pair. By reading this post you acknowledge that you will use the information here at YOUR OWN RISK
Note
We're trying to swing around! Daily candle needs to close to confirm short-term reversal. It may need to consolidate a tad before confirming as the market is a bit stunned from the 6K breach.Note
Is this the higher low we've been looking for to get our rally?Note
Second breakout attempt!Note
Second attempt failed! Now we are back testing support. A close below support will neutralize the rebound and we'll have to test the invalidation level. Below invalidation, that will be a breakout trade to the downside!Stay nimble my friends ;)
Note
Found some support... will Christmas come early for us this year?Note
![BTCUSD [REVISED] - 30% Countercyclical Long Trade?](https://s3.tradingview.com/r/R5gWkiHx_mid.png)
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.