BTC weekly
I have to admit the weekly chart does not look good, and lines up with my rendition of Wyckoff Schematic. Depending on the flow of money (which right now does not favor BTC) we could be seeing 20k in the coming weeks to complete the schematic.
Decreasing volume is always a concern, also this major correction could add fuel to boost BTC in long term. We may not see ATH this year, but we may see more than that next year. Meanwhile trade safe, with SL, and follow your plan, no matter how tempting the market maybe.
The ranging has already seen many fakeouts trapping both bulls and bears, so plan accordingly. The market will always be here, and plenty of opportunities will arrive if you be patient. Good luck.
Decreasing volume is always a concern, also this major correction could add fuel to boost BTC in long term. We may not see ATH this year, but we may see more than that next year. Meanwhile trade safe, with SL, and follow your plan, no matter how tempting the market maybe.
The ranging has already seen many fakeouts trapping both bulls and bears, so plan accordingly. The market will always be here, and plenty of opportunities will arrive if you be patient. Good luck.
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