BTC live chart update 2/1/23 5:55pm EST
Main Note update
It is possible that we head up to fill the upper gap on BTC1! at $28,740 before coming back down to fill the recent one made at $19,995. I am playing safe and made a 3x long position to hedge the two shorts I am averaging into and now a possible 3rd if BTC heads to fill the upper gap first.
1st New Arrow note on chart in white.
If Price breaks the resistance below and heads to
fill the gap to the left on the chart, I will be
adding another bullet to my short there and likely
closing my long hedge play. Which means I will pull my
stop losses on the shorts and look to enter another
around where the futures gap is similar to the 3rd
trade box I posted.
2nd New Arrow Note on chart in purple
If this turns out to be a
falling wedge the target
would be exactly where
the upper gap is.
2/1/23 ~~~~ 5:55 pm Est
It is possible that we head up to fill the upper gap on BTC1! at $28,740 before coming back down to fill the recent one made at $19,995. I am playing safe and made a 3x long position to hedge the two shorts I am averaging into and now a possible 3rd if BTC heads to fill the upper gap first.
1st New Arrow note on chart in white.
If Price breaks the resistance below and heads to
fill the gap to the left on the chart, I will be
adding another bullet to my short there and likely
closing my long hedge play. Which means I will pull my
stop losses on the shorts and look to enter another
around where the futures gap is similar to the 3rd
trade box I posted.
2nd New Arrow Note on chart in purple
If this turns out to be a
falling wedge the target
would be exactly where
the upper gap is.
2/1/23 ~~~~ 5:55 pm Est
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.