Reason for the BTC Drop to $29000 and where to from here?
In yesterday's video I spoke about why I thought Bitcoin could drop back down to $29000.
1. Volume was decreasing with price going up
2. Big longs were opening up at resistance
In today's video I look at where BTC could go to in the next few days and see on the TPO and imbalance charts why price fell like it did.
I am looking for a small retracement back to the POC and if we have strength in that area I will be going long.
TP - back up at $31000 and if we break out, hold the position to $35000.
Have a look at the video for an in depth analysis.
Not financial advice, DYOR. Papertrade before using real money.
If you liked this idea, please give a thumbs up and follow.
Safe trading.
Shawn
1. Volume was decreasing with price going up
2. Big longs were opening up at resistance
In today's video I look at where BTC could go to in the next few days and see on the TPO and imbalance charts why price fell like it did.
I am looking for a small retracement back to the POC and if we have strength in that area I will be going long.
TP - back up at $31000 and if we break out, hold the position to $35000.
Have a look at the video for an in depth analysis.
Not financial advice, DYOR. Papertrade before using real money.
If you liked this idea, please give a thumbs up and follow.
Safe trading.
Shawn
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.