In 4H LTF, volume is decreasing last 7 days while price is rising.
That increases the probability of an upcoming short-term retracement.
A possible support is around $45k.
I doubt if it will reach 0.382 Fibonacci level, all it's possible in crypto. Don't forget there is a war is process. Nuclear war threats, etc.
It is not recommended for novice traders to open shorts here. It's against the primary trend. Instead, look for a good long entry if price fall near $45k.
Investing is a probability game.
Try for consistency, there is no perfection in this.
Not financial advice. Always do your own research.
That increases the probability of an upcoming short-term retracement.
A possible support is around $45k.
I doubt if it will reach 0.382 Fibonacci level, all it's possible in crypto. Don't forget there is a war is process. Nuclear war threats, etc.
It is not recommended for novice traders to open shorts here. It's against the primary trend. Instead, look for a good long entry if price fall near $45k.
Investing is a probability game.
Try for consistency, there is no perfection in this.
Not financial advice. Always do your own research.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.