One of my few neutral ideas. I always hated them but there really is no direction in the short term.
Right now it could go either way. Mostly bearish, however right now there is a potential reversal formation that may take Bitcoin to 10250 - 10400.
In my opinion, if you are looking to short to 9k, you can probably ignore this.
Current thoughts.
Right now it could go either way. Mostly bearish, however right now there is a potential reversal formation that may take Bitcoin to 10250 - 10400.
In my opinion, if you are looking to short to 9k, you can probably ignore this.
Current thoughts.
Trade closed: target reached
10400 hit. Now to see if it heads higher it is best to watch the price.Note
Market conditions change frequently.Note
There could be a further move up. It is looking likely. This area should hold for it to continue upwards.
Note
Consolidation in that area was not good. Broke down. Will watch and see PA.Note
Volatility coming soon.
Not easy to predict to the upside or downside. Currently breakup seems slightly more likely. However, just an opinion, not backed by much.
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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.