TOTAL broke 2T, but hasn't reached 52K
- There is an Inverted Head & Shoulders pattern on the TT Volume Indicator
- We expect a retest at the 2T value - this could be around 45K for BTC
- HOWEVER, the 200MA HAS BEEN REJECTED ON BOTH BTC/USD AND TOTAL chart, so we must be careful as this could be a massive Bull Trap
- It's important to watch the TOTAL chart as well as it tells us a story that BTC cannot tell us
- There is an Inverted Head & Shoulders pattern on the TT Volume Indicator
- We expect a retest at the 2T value - this could be around 45K for BTC
- HOWEVER, the 200MA HAS BEEN REJECTED ON BOTH BTC/USD AND TOTAL chart, so we must be careful as this could be a massive Bull Trap
- It's important to watch the TOTAL chart as well as it tells us a story that BTC cannot tell us
Note
2T retest which coincided with our 4 hour Buy on BTC successful. Let's see what happens from here!
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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.