Bitcoin / TetherUSShort
đź’ĄBitcoin (BTCUSDT): Pullback in Short Term?
Mis Ă jour
Together we have followed the last part of this rally (see chart below) correctly, but now we cannot rule out some corrective structures in near term. That said, the trend is bullish on Daily and Intraday Charts, so if you decide to take a short position, you have to wait for a bearish signal. From our point of view, if BTCUSD triggers a corrective structure, it could form something like ABC Pattern.
The simplest strategy is to wait for the first bearish leg on small time frame and try to take a short position after technical rebound.
BULLISH SETUP
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BTCUSD triggers a corrective structure, it could form something like ABC Pattern.The simplest strategy is to wait for the first bearish leg on small time frame and try to take a short position after technical rebound.
BULLISH SETUP
Like to support my work.
Trade with care!
Note
đź”´Update:Note
đź’ˇCorrective Structure still in play...
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