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BTCUSD - Short Term Trading Idea

BITFINEX:BTCUSD   Bitcoin
BTCUSD
The price action is locked in two patterns at the moment. The larger pattern (global) being a symmetrical triangle with lower highs and higher lows in an ABCDE wave-formation and the smaller pattern being an ascending triangle trying to push beyond the resistance at 4383. Neither side is able to push the price far enough to break from the global and smaller pattern due to the uncertainty around China banning bitcoin exchanges. It's a war of narratives and influencing market psychology right now and provides great scalping opportunities between the support and resistance lines.
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.