BitcoinShort
BTCUSD Inverse Bullish Short Term
12H inverse bulls. - note the stoch fractal.
I'm watching that RSI supportline also - it looks bit like a rising wedge.
I've also outlined what i consider a potential pathway for BTC price action over coming months if there is no bullish catalyst such as ETF approved to prevent the classical triangle pattern from playing out.
A narrative is thus; we pullback once again to low 6K area before squeezing shorts and spurring another bullrun / bull trap to mid 7K before going in search of the ultimate bottom for BTC (again. assuming no bullish catalyst)
I'm watching that RSI supportline also - it looks bit like a rising wedge.
I've also outlined what i consider a potential pathway for BTC price action over coming months if there is no bullish catalyst such as ETF approved to prevent the classical triangle pattern from playing out.
A narrative is thus; we pullback once again to low 6K area before squeezing shorts and spurring another bullrun / bull trap to mid 7K before going in search of the ultimate bottom for BTC (again. assuming no bullish catalyst)
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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.