Hi Traders,
Today we have interesting situation: Seems like FED (and our fella Trump) is willing to dump ANY amount of money into Stockmarket to "Save everybody" (mean banksters :D).
So it will affect BTC which is just blindly following other markets.
1) This structure look´s like typical Bear flag ABC.
2) It could also be start of impulse wave (123 - 4-5 to be finished).
So its better to consider it as ABC and close all positions in resist zone. There could be HUGE dump. Otherwise we will see some kind of corrective wave 4 where we can enter for wave 5 long position ;)
Trade safe and stay healthy, especially these days its more important than money. ;)
Today we have interesting situation: Seems like FED (and our fella Trump) is willing to dump ANY amount of money into Stockmarket to "Save everybody" (mean banksters :D).
So it will affect BTC which is just blindly following other markets.
1) This structure look´s like typical Bear flag ABC.
2) It could also be start of impulse wave (123 - 4-5 to be finished).
So its better to consider it as ABC and close all positions in resist zone. There could be HUGE dump. Otherwise we will see some kind of corrective wave 4 where we can enter for wave 5 long position ;)
Trade safe and stay healthy, especially these days its more important than money. ;)
Trade active
Time to get OUT of all positions ;)Note
1H RSI Lower High - reject by downtrend line ;) 
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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.
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.