Looking at the BTC chart I see potential for another leg up, pushing $4300 (perhaps falling up to $50 shy). However I see the value in the short side as regardless of a push to $4300, I see a subsequent drop to below $3600. This is NOT cause for concern as it would be a typical move. I personally do not believe the bottom is in yet, but the bottom may not be realized for several months still.
How I am approaching this chart:
Short above $4200 and long below $3600
How I am approaching this chart:
Short above $4200 and long below $3600
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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.