Bitcoin / TetherUSShort
BTC - Respecting this trendline - Bottom $7,000 to $10,000
Bitcoin (as puzzling as it may seem) has been respecting this trendline on both the HTF and LTF.
The potential resistance lines are marked on my chart - however it’s likely the resistance line is located at 60,500 - so I’m watching closely right now to see volatility enter and drop speed.
This drop (assuming it occurs) would be incredibly fast. Those open gaps below the current price are filled with leveraged sell orders (long stop losses). These order chains trigger one into the next and we can understand the potential speed of the move based on the open order blocks.
DXY broke down a major monthly trendline and completed a retest prior to the weekend - it would be an ideal time this weekend to wipe all this low liquidity on BTC prior to an extended bull market.
The potential resistance lines are marked on my chart - however it’s likely the resistance line is located at 60,500 - so I’m watching closely right now to see volatility enter and drop speed.
This drop (assuming it occurs) would be incredibly fast. Those open gaps below the current price are filled with leveraged sell orders (long stop losses). These order chains trigger one into the next and we can understand the potential speed of the move based on the open order blocks.
DXY broke down a major monthly trendline and completed a retest prior to the weekend - it would be an ideal time this weekend to wipe all this low liquidity on BTC prior to an extended bull market.
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.