Hello, as title said,
BTC need to reclaim 17600 that is the 3AC capitulation candle low, a close above with a nice Binance/FTX deal would bring some nice upward volatility.
Better not short here, instead is better wait a possible news related to Binance/FTX drama deal.
So you wait a reclaim of the line for a LONG
https://www.tradingview.com/x/2wFrliOv/
or a retest as bearish breakdown for a SHORT.
https://www.tradingview.com/x/Y2ABSXcC/
Anyway the final target is 10k-12k (not excluding a wick below)
BTC need to reclaim 17600 that is the 3AC capitulation candle low, a close above with a nice Binance/FTX deal would bring some nice upward volatility.
Better not short here, instead is better wait a possible news related to Binance/FTX drama deal.
So you wait a reclaim of the line for a LONG
https://www.tradingview.com/x/2wFrliOv/
or a retest as bearish breakdown for a SHORT.
https://www.tradingview.com/x/Y2ABSXcC/
Anyway the final target is 10k-12k (not excluding a wick below)
Note
WEEKLY LEVEL OF BUY ZONE
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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.