Bitcoin / TetherUSShort
BTC (4h) - Poor Outlook for Midterm ?
Hi Traders,
as you probably noticed BTC is still holding inside of Bearflag (Corrective abc channel = 33 to 48k).
Right now approaching the bottom line we are most likely forming some kind of First wave leading diagonal as wave (i) oif C wave DOWN.
4H Timeframe is showing some strength of BUllS. at least for small retrace = 0:238 where Bears could take chance to open more Shorts.
It means 39,2-40K is main resistance zone which should hold and we can open shorts. Otherwise need to reevaluate EWcount.
Lets see how this goes.
Trade safe, use stop-loss ;)
as you probably noticed BTC is still holding inside of Bearflag (Corrective abc channel = 33 to 48k).
Right now approaching the bottom line we are most likely forming some kind of First wave leading diagonal as wave (i) oif C wave DOWN.
4H Timeframe is showing some strength of BUllS. at least for small retrace = 0:238 where Bears could take chance to open more Shorts.
It means 39,2-40K is main resistance zone which should hold and we can open shorts. Otherwise need to reevaluate EWcount.
Lets see how this goes.
Trade safe, use stop-loss ;)
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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.