Get off the smaller timeframes. Weekly shows a strong resistance zone coming.
Purely on TA, I expect a dip before we start the actual buys. The dip also indicate the early stages of liquidity grab by bear market investors, allowing them to double cash in on the opportunity.
My thoughts - market making is taking place.
Be cautious fellow traders. Scalp in and out, and take profits all the time! don't hold for too long for now.
Purely on TA, I expect a dip before we start the actual buys. The dip also indicate the early stages of liquidity grab by bear market investors, allowing them to double cash in on the opportunity.
My thoughts - market making is taking place.
Be cautious fellow traders. Scalp in and out, and take profits all the time! don't hold for too long for now.
Note
Analysis holding. BTCUSDT is respecting the weekly channels
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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.