BTC WEEKLY MAPPING
Back in mid-March, our big-picture BTC mappings pegged the high zone at 95k-98k. But now, the peak BTC might revisit before dropping has shifted lower to 91k-94k.
This tells us we’re brushing up against the main wave’s peak. Longs here feel lackluster, but it’s not quite time to short either.
Key Takeaways:
Weekly Timeframe:
Intraday (Smaller Timeframes):
Let’s chew through this market smartly, folks!
Back in mid-March, our big-picture BTC mappings pegged the high zone at 95k-98k. But now, the peak BTC might revisit before dropping has shifted lower to 91k-94k.
- Bottom Zone: 80k
- Current High Zone: 91k-94k
- Current Price: 86.7k
This tells us we’re brushing up against the main wave’s peak. Longs here feel lackluster, but it’s not quite time to short either.
Key Takeaways:
Weekly Timeframe:
- One more dip is coming—could be a sharp drop to 74k, or even steeper to 66k.
- BTC will tease us with green hope for another 1-2 weeks before the correction kicks in. Over the next 1-2 weeks, expect a repeat of last week: price climbing from the W candle’s low to its high. Call it sideways if you want, but it’s tradable if you grasp the trend and nail your entries.
- Plan: Wait for a SWING SHORT from 94k down to 75k or 66k.
Intraday (Smaller Timeframes):
- Stick to short scalps—coffee money trades. Don’t jump the gun shorting for the Swing Short; it’s not time yet.
- Longs? Know you’re inching toward the peak at 91k-95k—don’t expect big gains from here.
Let’s chew through this market smartly, folks!
The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
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.
The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
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.