Pivotal Moment for BITCOIN. Potential W formation but still room to the downside in view. We could see a rally to test the 79 EMA before heading down to the next Critical zone. If Bulls fail to push the price in the next two hours Sauce will be formed forcing the downward trend to continue into the critical zone. Take proper risk management and watch the money flow.
If we get a Bullish candle instead expect a Shift on the 12HR TF which can provide some 15M TF Bullish scalping opportunities too, just keep an eye on price action and enjoy the ride.
If we get a Bullish candle instead expect a Shift on the 12HR TF which can provide some 15M TF Bullish scalping opportunities too, just keep an eye on price action and enjoy the ride.
Note
4HR Head and shoulders looks to have formed too. Note
Note
Break out on Bitcoin but it still has to come down. Wish it would have proceeded to make the move down first before the impulse wave long. We are currently in a correction.
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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.