This is a boring time for the crypto market when the King (BTC) keeps running sideways.
On 4 hours timeframe, there is a pennant pattern appeared.
My prediction is noted on the chart.
My 'Triple TRIX indicator' points down, I tend to bearish favor for the next days.
On 4 hours timeframe, there is a pennant pattern appeared.
My prediction is noted on the chart.
My 'Triple TRIX indicator' points down, I tend to bearish favor for the next days.
Note
BTC chose to dump to below 9k to fill CME's gap. A possible buy zone is 61.8% to 38.2% Fib. (teal color lines on the chart).Note
P/S: I will buy when the fastest TRIX (the yellow one) crosses above the teal color TRIX. Or to be safer, I will buy BTC when the yellow line crosses above the zero lines.
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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.
Related publications
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.