BITCOIN UPDATE
So since my recent breakdown on BTC everything played out perfectly we had one more fakeout to the downside and a seller induction(bear trap) followed by a nice pump back above the first level of daily resistance a nice move we capitalised on. Now what we can see is market is currently rejecting the next level of daily resistance and since the recent bullish impulse market is now providing us with a nice correction. Im expecting this correction to hit around the 0.382 / 0.50 fibonacci, then i will be dropping to the 4hr timeframe waiting for our entry rules to be met before looking to capitalise on the next impulse to the upside.
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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.