BTC (1H) - Another Triangle above support ? You should be scared
Updated
Hi Traders,
As you can see, BTC is forming some overlaping structure above strong support, so my expectation is: Somebody is buildng a BIG short position to break it DOWN.
BUT, Be prepared for both directions and wait which trendline will be broken ;)
Take care and trade safe.
As you can see, BTC is forming some overlaping structure above strong support, so my expectation is: Somebody is buildng a BIG short position to break it DOWN.
BUT, Be prepared for both directions and wait which trendline will be broken ;)
Take care and trade safe.
Comment
Smaller TF: Comment
Triangle formation was broken, hence I suppose it could be abc bear flag or some similar structure where wave c is ongoing. Small TF:
Trade active
As long as the move from 48K to 39,2K can be identified as impulsive wave down (1 or A)... I expect at least another one Wave down ...(3 or C)If its wave 1 ... then hold your seat and get ready for a ride. It will be Volatile.
As long as the move from 48K to 39,2K can be identified as impulsive wave down (1 or A)... I expect at least another one Wave down ...(3 or C)
If its wave 1 ... then hold your seat and get ready for a ride. It will be Volatile.
Comment
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