BitcoinShort
Bitcoin Worst Case Scenario Setup
- Bitcoin is currently trading at 59000$ and we have the August monthly closing tomorrow
- Bitcoin has a Fair Value Gap ranging from 62,500-61,000$
- Bitcoin is currently chopping getting distributed and then showing small recoveries which has changed BTC's trend to bearish more HL HL followed with LL LL
- To flip the current trend we need a strong weekly closing above 67,000$ first
- I have drawn 2 bearish paths which happens to be best possible scenario for BTC, I am being practical and not blindly bullish over Bitcoin
- In trading, you have to consider a lot of uncertainties or else you get thrown out of the market so yes 51-54,000$ will be an important accumulation and longing zone for me to track BTC
- Bitcoin has a Fair Value Gap ranging from 62,500-61,000$
- Bitcoin is currently chopping getting distributed and then showing small recoveries which has changed BTC's trend to bearish more HL HL followed with LL LL
- To flip the current trend we need a strong weekly closing above 67,000$ first
- I have drawn 2 bearish paths which happens to be best possible scenario for BTC, I am being practical and not blindly bullish over Bitcoin
- In trading, you have to consider a lot of uncertainties or else you get thrown out of the market so yes 51-54,000$ will be an important accumulation and longing zone for me to track BTC
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.
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.