Bitcoin probabilities: 60% Bullish vs. 40%
Bitcoin’s Bullish Momentum is Losing Ground—60% Bullish vs. 40% Bearish Probability
The bullish case for Bitcoin has weakened slightly due to several conflicting signals across different timeframes. Here's the breakdown:
Bullish Factors:
🚫 Monthly PCL disrespected
✅ Monthly Bullish FVG respected
🚫 Weekly swing low disrespected
✅ Weekly Bullish FVG respected
✅ Daily Bullish FVG respected
🚫 4H swing low disrespected
🚫 4H swing low swept
Bearish Factors:
✅ Daily swing low respected
✅ Daily swing high respected
✅ Daily Bearish FVG respected
🚫 Daily Bullish FVG disrespected (so far)
Given the mixed arguments, it’s crucial to wait for further confirmation before making any moves. Strong economic factors expected this week could shift the market. Don’t get liquidated—patience is key! 🧘♂️ Master it to stay profitable. 🏆
The bullish case for Bitcoin has weakened slightly due to several conflicting signals across different timeframes. Here's the breakdown:
Bullish Factors:
🚫 Monthly PCL disrespected
✅ Monthly Bullish FVG respected
🚫 Weekly swing low disrespected
✅ Weekly Bullish FVG respected
✅ Daily Bullish FVG respected
🚫 4H swing low disrespected
🚫 4H swing low swept
Bearish Factors:
✅ Daily swing low respected
✅ Daily swing high respected
✅ Daily Bearish FVG respected
🚫 Daily Bullish FVG disrespected (so far)
Given the mixed arguments, it’s crucial to wait for further confirmation before making any moves. Strong economic factors expected this week could shift the market. Don’t get liquidated—patience is key! 🧘♂️ Master it to stay profitable. 🏆
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.