It's not that rare to see price goes down before continuing up after a golden cross, or price goes up before continuing down after a death cross
This market likes to do just that, not to mention that BTC has already shown weaknesses on the Daily Time Frame
It needs a correction, if it wants to have a healthy, sustained rally further up
I'm personally keeping an eye out for potential long additions in the .382 - .618 fib zone, near those white lines or the purple 2D 200MA
This market likes to do just that, not to mention that BTC has already shown weaknesses on the Daily Time Frame
It needs a correction, if it wants to have a healthy, sustained rally further up
I'm personally keeping an eye out for potential long additions in the .382 - .618 fib zone, near those white lines or the purple 2D 200MA
Note
Note
In almost exactly 2 months since I first posted this, BTC price managed to reach my best key level to open another LONG on BTC.Now it's near its previous local high fresh supply zone, so expect a consolidation near this resistance level or a small pullback before continuing up.
If it breaks 31K with good momentum and volume, then 32K is almost guaranteed.
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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.