Today's BTC drop move is very welcomed from a technical perspective because it adds some clarity to the picture.
I have activated a couple of Daily scenarios to be monitored.
I am not (yet) focusing into sub-2000 levels, since that belongs to Weekly based scenarios and would be a consequence of the failure of 2800 area.
I have activated a couple of Daily scenarios to be monitored.
- First one (orange arrows) would give us some bullish market structure drawing a bottom at around 3400 (Binance).
- The second one (teal arrows) assumes a deeper correction back to 2800 area, and start drawing market structure from that point.
I am not (yet) focusing into sub-2000 levels, since that belongs to Weekly based scenarios and would be a consequence of the failure of 2800 area.
I develop indicators meant to be useful, profitable and good looking.
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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.
I develop indicators meant to be useful, profitable and good looking.
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.