The things can get even worse as this may be a reversal triangle. The biggest BTC support is between 24-25k and closest at 27k. Not interested in any longs inside this pattern.
Trade active
Opened short. The reason is strong reistance seen on cluseters. Also may be triangle false break out.Note
BTC is under the pressure, but buyers trying to hold with the limit orders. That's the reason why there is a big volatility atmNote
Channel break down confirmed on 1h, 28 400 is the targetTrade active
28 400 - 50% of Short closed. The last 50% is for 27k and 25kNote
My target is 27 150. currently I see the buyers limits, but I dont see a super active interest (I mean market buy volumes). Alts are drowning.Note
No active buyers, this may break down 27kNote
That was a good triangle retest at 28 300, but I placed my additional orders for short from 28450, but that didn't happen. 27 150 - 25% of last short is also closed so I'm just waiting to close the last one at 25k.
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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.