BTC - HEADING INTO THE WEEKEND
Updated
I am NEUTRAL right now with the weekend coming and no confirmation either way, however, a couple patters I think could start forming are Head & Shoulders and Inverse Head & Shoulders patterns potentially for TRADE SETUPS EARLY to MID WEEK NEXT WEEK!
BTC is about to print a new daily candle here soon. With the weekend coming up I expect mostly sideways price action within a small range. There's two possible scenarios I see here...
1- BTC TRADES SIDEWAYS ABOVE 43K
2- BTC TRADES SIDEWAYS UNDER THE 43K AREA
IF THINGS DON'T GO SIDEWAYS ON THE WEEKENS, CREATING A CME GAP, WE'LL EVALUATE THAT IF NEEDED WITH UPDATES!
As of right now, THERE IS NO CONFIRMATION EITHER WAY and I am position-neutral. If I DECIDE A TRADE LOOKS GOOD, I WILL PUBLISH UPDATES!
ALSO DEFINITELY WORTH MENTIONING IS THAT THERE ARE SOME ALT-COINS WHICH SOUULD DO WELL IF BTC TRADES SIDEWAYS so stay tuned for MORE IDEAS LATER ON TODAY OR TOMORROW!
Please follow me and comment guys. It helps and is very much appreciated. Also Check out my Twitter for more Crypto articles and opinions. I plan on having lots of good information on the Twitter profile. Thanks again!
(Disclaimer: This is an IDEA based off of my experience and you should always do your own risk assessment before entering any trades)
BTC is about to print a new daily candle here soon. With the weekend coming up I expect mostly sideways price action within a small range. There's two possible scenarios I see here...
1- BTC TRADES SIDEWAYS ABOVE 43K
2- BTC TRADES SIDEWAYS UNDER THE 43K AREA
IF THINGS DON'T GO SIDEWAYS ON THE WEEKENS, CREATING A CME GAP, WE'LL EVALUATE THAT IF NEEDED WITH UPDATES!
As of right now, THERE IS NO CONFIRMATION EITHER WAY and I am position-neutral. If I DECIDE A TRADE LOOKS GOOD, I WILL PUBLISH UPDATES!
ALSO DEFINITELY WORTH MENTIONING IS THAT THERE ARE SOME ALT-COINS WHICH SOUULD DO WELL IF BTC TRADES SIDEWAYS so stay tuned for MORE IDEAS LATER ON TODAY OR TOMORROW!
Please follow me and comment guys. It helps and is very much appreciated. Also Check out my Twitter for more Crypto articles and opinions. I plan on having lots of good information on the Twitter profile. Thanks again!
(Disclaimer: This is an IDEA based off of my experience and you should always do your own risk assessment before entering any trades)
Note
If BTC can stay above the 42,500 level id say it looks good on the 15min and 4 hour charts for a bit more upside here. It's possible we head back up to 44k-45k pretty quickly here which is a 5% gain from current levels! If not, I don't think it will drop much from here, maybe 41K - 41.5K
Still no confirmation for higher timeframes!
Note
42,200 is more appropriate, not 42,500... Still looks good to head upwards from here on smaller timeframes!
Disclaimer
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