Bitcoin has had a massive move above its last resistance, at around 75k. Bitcoin looks to be topping out in the 90k's, potentially signaling a swing down back to the mean.
Holding off on long or shorts, as Bitcoin is in no man's territory. Best thing to do is to risk off right now. Take profits, raise stop losses.
Holding off on long or shorts, as Bitcoin is in no man's territory. Best thing to do is to risk off right now. Take profits, raise stop losses.
Note
H&S Pattern has yet to play out, but will update if it plays out.Trade active
Bitcoin is back into the channel. Let's see if Bitcoin can sustain this.
Trade closed: target reached
Bitcoin has failed to establish itself back into the channel.
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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.