Based on my indicator's calculations, BTC is likely to form a bearish divergence. Price needs to climb up to form the divergence before it goes to retest another key levels. This could be a scalping opportunity. This is indicated by the close gap between the 70% and Upper 50% level.
However, if the divergence did not form, price is likely to go SHORT and probably touch down from 50% Median to 15% levels. Thus, I will place a BUY limit order on these 5 levels as my GRID trading strategy.
/please DYOR/trade at your own risk
However, if the divergence did not form, price is likely to go SHORT and probably touch down from 50% Median to 15% levels. Thus, I will place a BUY limit order on these 5 levels as my GRID trading strategy.
/please DYOR/trade at your own risk
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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.