Decision time for BTC
BTC managed to reach the upper resistance of the HTF accumulation pattern I mentioned in my last update.
Last week, i called that the zone around 42k would have been of great resistance/interest and a move from thereon is pivotal for the medium term price action of BTC.
I'm looking to either long or short on the retest/confirmation candles or wicks and catch the departure from this zone as early as possbile. This is summed up by the scenarios A and B on the graph.
I'm expecting a strong bounce with high volatility from this level, eitherway.
As always, happy trading!
Last week, i called that the zone around 42k would have been of great resistance/interest and a move from thereon is pivotal for the medium term price action of BTC.
I'm looking to either long or short on the retest/confirmation candles or wicks and catch the departure from this zone as early as possbile. This is summed up by the scenarios A and B on the graph.
I'm expecting a strong bounce with high volatility from this level, eitherway.
As always, happy trading!
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.