Bitcoin is consolidating, but within the framework of correction. This phase may last for quite a long time, as the market is waiting for Trump's inauguration and politicians' actions. Disappointment may lead to a deeper correction, for example to 70K, and positive preconditions will become a bullish driver.
Scenario: price has no direction, market is neutral, in consolidation, but globally we have a bullish trend.
Since we have no direction and a sideways range is forming, we can trade from its boundaries.
It is worth paying attention to 92K and 100K - the consolidation boundaries.
Idea: Accordingly, now the price is heading towards the resistance and there is no reason to break it. We are waiting for a false breakdown and further fall to 92K
Scenario: price has no direction, market is neutral, in consolidation, but globally we have a bullish trend.
Since we have no direction and a sideways range is forming, we can trade from its boundaries.
It is worth paying attention to 92K and 100K - the consolidation boundaries.
Idea: Accordingly, now the price is heading towards the resistance and there is no reason to break it. We are waiting for a false breakdown and further fall to 92K
Trade active
False break of resistance provokes strong selling
Trade closed: target reached
92K reached
❤️ Telegram channel: t.me/AndeWave
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.
❤️ Telegram channel: t.me/AndeWave
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.