BTCUSD: Be careful.
Bitcoin shows a very choppy, non-trending market situation right now. It could go both ways:
Bullish Scenario: Current market could be a wave 4 Elliott Wave correction and it will PUMP soon.
Bearish Scenario: A Tenkansen / Kijunsen crossover is observed which is a strong bearish signal according to the Ichimoku technical analysis and the price will drop lower.
Suggestion: lower your position size and just wait for a breakout / confirmation in the direction. No need to take risks and lose money, be patient.
Bullish Scenario: Current market could be a wave 4 Elliott Wave correction and it will PUMP soon.
Bearish Scenario: A Tenkansen / Kijunsen crossover is observed which is a strong bearish signal according to the Ichimoku technical analysis and the price will drop lower.
Suggestion: lower your position size and just wait for a breakout / confirmation in the direction. No need to take risks and lose money, be patient.
Get a free 7-day trial of the ELLIPSE trading algorithm!
Go to buymeacoffee.com/cryptonerds/e/81100.
Membership access to the ELLIPSE trading algorithm:
buymeacoffee.com/cryptonerds/membership
Go to buymeacoffee.com/cryptonerds/e/81100.
Membership access to the ELLIPSE trading algorithm:
buymeacoffee.com/cryptonerds/membership
Get a free 7-day trial of the ELLIPSE trading algorithm!
Go to buymeacoffee.com/cryptonerds/e/81100.
Membership access to the ELLIPSE trading algorithm:
buymeacoffee.com/cryptonerds/membership
Go to buymeacoffee.com/cryptonerds/e/81100.
Membership access to the ELLIPSE trading algorithm:
buymeacoffee.com/cryptonerds/membership
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.