This is just a sketch, a mere view of how the price may move in the really short term. We may see more pumps tonight, and then some longs taking a profit, and whales shorting.
I believe I see a price reversal somewhere in the drag, bottoms becoming higher. One more big 1h candle could push bitcoin into breaking 50500 and going into the upper long-term channel.
This is not investment advice, it's just a scratchpad for ideas, I am not trading BTC but do observe it always when having active trades.
I believe I see a price reversal somewhere in the drag, bottoms becoming higher. One more big 1h candle could push bitcoin into breaking 50500 and going into the upper long-term channel.
This is not investment advice, it's just a scratchpad for ideas, I am not trading BTC but do observe it always when having active trades.
Note
Although it didn't retrace as much as I thought it would, it looks like it's going right after 50k.
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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.