BTC - Next pullback most likely after 55k
Disclaimer: These are not trading signals. Trade at your own risk!
Note
Proceeding just as expected. This doesn't mean BTC will directly go to 55k. First there are many long stops to hunt. Expect long wicks! If you are clever enough identify the levels and put the wicks to good use.Note
55k might have to take the backseat for now
Trade closed: target reached
Wow, didn't think we'd get here so soon!Note
I was hoping for a deeper pullback, but looks like long-term support is quite strong, if the price stays above tomorrow, we look for buy signals and find an entryNote
Price approaching a possible buyNote
Support and resistance in full effect, my bias is that the support will break before the resistanceNote
Timestamp 11:55 01.03.2021Note
Bias was wrong, resistance became support.. will it hold?Timestamp 22:17 2.3.2021
Note
A daily close below the Red trend line would trigger another round of shorts with the price sliding down another ~10k
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.
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.