BitcoinShort
BTCUSD - Possible outcomes
1D chart on the right. 1h on the left.
Showing 50 and 200 EMAs.
Overall down-trending channel (dashed white lines)
Price is currently in what I'm drawing as an ascending wedge (a la Bitfink). Crytp Savy has drawn this as a triangle with a bull trap.
Either way, price is headed for horizontal and dynamic (EMA) resistance, as well as the nearest down-trend line. If price falls out of the ascending wedge, a measured move brings us down to roughly 26K.
If price continues upward, possible targets are 32K and 36K.
I'm waiting until Bitcoin breaks structure, one way or the other, until I long or short it.
Have fun and trade safe.
Showing 50 and 200 EMAs.
Overall down-trending channel (dashed white lines)
Price is currently in what I'm drawing as an ascending wedge (a la Bitfink). Crytp Savy has drawn this as a triangle with a bull trap.
Either way, price is headed for horizontal and dynamic (EMA) resistance, as well as the nearest down-trend line. If price falls out of the ascending wedge, a measured move brings us down to roughly 26K.
If price continues upward, possible targets are 32K and 36K.
I'm waiting until Bitcoin breaks structure, one way or the other, until I long or short it.
Have fun and trade safe.
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.