I'll keep this short.
1) Bitcoin is forming a Symmetric triangle pattern on the 4H timeframe
2) Volatility is at a low level (indicating a big move incoming)
3) There is indecision in the markets
4) Possibility of going either side.
5) a) If long: Set a stop at 10352
b) If short: Set a stop at 11016.
The faint yellow zone is the multi month demand zone and it looks like an attractive buying opportunity (somewhere sround $9k)
The yellow zone above is the shorter timeframe supply zone.
Play accordingly.
Happy trading :)
1) Bitcoin is forming a Symmetric triangle pattern on the 4H timeframe
2) Volatility is at a low level (indicating a big move incoming)
3) There is indecision in the markets
4) Possibility of going either side.
5) a) If long: Set a stop at 10352
b) If short: Set a stop at 11016.
The faint yellow zone is the multi month demand zone and it looks like an attractive buying opportunity (somewhere sround $9k)
The yellow zone above is the shorter timeframe supply zone.
Play accordingly.
Happy trading :)
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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.
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.