Expect some consolidation after being rejected from the 8000 level. I'd be surprised if we dumped through that level so fast I feel like we could be ranging in here for a while. Luckily for us it seems like BTC has already established a resistance area for us on the smaller TF's around 8700-8800, and that is where I have my short orders placed with a tight stop above. From having spent a lot of time looking at PA I feel like its likely for us to revisit that level possibly to give the opportunity to stack short orders and/or go for a stop run... which is why my stop is a bit higher above 8850.
For now you can see that the price is stuck under the 50% level, this of course is a bearish sign but I'm not in a hurry to get into a short thinking we're going to break 8K here I'd just rather go for IMO a better play which is short resistance. While some feel like this PA here is bearish and I would agree, I am still leaning neutral for now. GL trading
For now you can see that the price is stuck under the 50% level, this of course is a bearish sign but I'm not in a hurry to get into a short thinking we're going to break 8K here I'd just rather go for IMO a better play which is short resistance. While some feel like this PA here is bearish and I would agree, I am still leaning neutral for now. GL trading
Penafian
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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.