People might not believe in the head and shoulders pattern, thinking it would be a "trick" for you to buy and get rekt.
However, looking at USDT balances of Binance and other exchanges such as Houbi, I can see they are refilling again.
Therefore, there is a good chance there will be a pump for BTC in the next few days. If this falls through, you probably aren't going to lose as much as the potential reward.
Previous fills up to this level caused a 3% BTC pump. So could be just a small pump before another move down.
Thanks for viewing!
However, looking at USDT balances of Binance and other exchanges such as Houbi, I can see they are refilling again.
Therefore, there is a good chance there will be a pump for BTC in the next few days. If this falls through, you probably aren't going to lose as much as the potential reward.
Previous fills up to this level caused a 3% BTC pump. So could be just a small pump before another move down.
Thanks for viewing!
Note
If we don't hold here, its very likely we bart down into this area in one big move.
Note
Quick update.I closed my longs for 6%. I can buy back in but this is telling me to sell.
Trade closed: target reached
Update. First target reached.
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.
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.