BitcoinUpdated Bitcoin - Be CARUFEL about breaking trendline
Hello Guys and Community!
Check out my analysis on Bitcoin.
A lot of people are celebrating that bitcoin broke the long term trendline. I am not. There is still big chance for drop down.
I have two scenario about BTC.
Firstl the breakout is false on bitcoin will go down and create new volume levels where I will set order on pullback.
The second bitcoin will continue in uptrend and the REALLY IMPORTANT pattern for me will be, when bitcoin create TWO daily candles ABOVE the S/R zone you can see in the chart. If it will happen I will keep you updated about my pullback entry zones.
Check also other screenshot below with my key s/r levels and orderflow chart.
Check out my analysis on Bitcoin.
A lot of people are celebrating that bitcoin broke the long term trendline. I am not. There is still big chance for drop down.
I have two scenario about BTC.
Firstl the breakout is false on bitcoin will go down and create new volume levels where I will set order on pullback.
The second bitcoin will continue in uptrend and the REALLY IMPORTANT pattern for me will be, when bitcoin create TWO daily candles ABOVE the S/R zone you can see in the chart. If it will happen I will keep you updated about my pullback entry zones.
Check also other screenshot below with my key s/r levels and orderflow chart.
Note
Orderflow chartNote
Note
Key levelsNote
Yearly VWAP 
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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.
Related publications
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.