BTC back to 35k - potential retest and rejection at 50k before
Mis à jour
Two scenarios IMHO. Based on shorter timeframes, I am leaning towards the blue path, eventually followed by a drop to 35k i.e. we might swing up first (blue path) solely to take out some shorts first given there will be plenty of SLs at 50k. Potential confirmation if we break 47.4k.
Having said that, price action is going nowhere at the moment and chart dynamics provide mixed signals, so I have highlighted a more bearish potential path (red).
There are plenty of micro structures and we took a beating in the past 48 hours so taking positions here is very, very risky. There will also be plenty of fake-outs so stick to your strategy with proper stop-losses to manage risk wicks turn into continuation.
Having said that, price action is going nowhere at the moment and chart dynamics provide mixed signals, so I have highlighted a more bearish potential path (red).
There are plenty of micro structures and we took a beating in the past 48 hours so taking positions here is very, very risky. There will also be plenty of fake-outs so stick to your strategy with proper stop-losses to manage risk wicks turn into continuation.
Note
We had a clean rejection at 47,399. Odds for red path have increased IMHO. Weekend price action is always messy; let's see what we get.Note
Might hit the 0.5 at 41,156 for a bounce instead of the 0.382.Note
Adjusted the wedge and I believe we are targeting 0.5 as first stop, somewhere around the 41,300 mark.Note
Note
Potential diamond forming if we hold 0.382.Note
Note
Transaction en cours
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.