I've been confused about Bitcoin for the last few weeks. I think this may be the start of a new macro range.
For now I can see a move to 37s. It's a buy for short-term. But we need to see the range for the long-term.
IMO Bitcoin ranging below 45k isn't a good look for the macro chart.
For now I can see a move to 37s. It's a buy for short-term. But we need to see the range for the long-term.
IMO Bitcoin ranging below 45k isn't a good look for the macro chart.
Transaction en cours
I got a short just now. ~43.1k entry / 43.6k stop.Note
I like to see everything as channels. So I think this is still a valid pattern.Note
Here is a different view.Note
Remember how Bitcoin started to range before FTX news. Fake breakdown with FTX news then this run from 15k. Just saying.Note
You can say this is a breakout+retest. In my view it's just a lower high. I hold the short.Note
My entries have a habit of being sticky :D Let's see.Note
It was a equal high on CME 4h. Apparently CME is more bullish right now. Interesting.Trade fermée: ordre d’arrêt atteint
I won't force this position. If BTC is refusing to make a real correction here, it makes me think that this is a slow exhaustion phase. Go up very slowly. End with volatility. That'd be a macro top.
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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.