The weekend's crash really made things a bit more obvious as to what this coin is doing in terms of correction. The bull flag it is forming is obvious and the range it is in is quite considerable as well, which is ideal for a great scalp. I don't expect us to stay in that range much longer. I do however expect a retest of the upper trendline once wave 3 breaks out of it.
Caution is advised as Bitcoin has shaken up the whole market considerably this weekend. If you're still here and trading, congratulations, you probably had set a stop loss! Trade safe!
Caution is advised as Bitcoin has shaken up the whole market considerably this weekend. If you're still here and trading, congratulations, you probably had set a stop loss! Trade safe!
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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.