BTC confirmed its daily bear market move, along with a nasty sweep of the highs.
We've seen these developments before - even with sweeps.
Is there a result this time? I don't know. But we likely haven't seen the lows yet.
I don't think it's all doom and gloom. We are still in an exceptional position in the 1D+ timeframe.
We may even make a third high like last time.
For now, I think it's best to sit back and wait rather than charge in on what could be the first day of further impulses.
If we remove the div from here, I expect another sharp sell-off.
If we survive the div structure then things could get interesting.
I can't answer whether we do or not. But you can easily plot the relative returns on either side of the market.
We've seen these developments before - even with sweeps.
Is there a result this time? I don't know. But we likely haven't seen the lows yet.
I don't think it's all doom and gloom. We are still in an exceptional position in the 1D+ timeframe.
We may even make a third high like last time.
For now, I think it's best to sit back and wait rather than charge in on what could be the first day of further impulses.
If we remove the div from here, I expect another sharp sell-off.
If we survive the div structure then things could get interesting.
I can't answer whether we do or not. But you can easily plot the relative returns on either side of the market.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.