BTC 4 Hour Tightens, Possible H&S
Currently in daily consolidation looking for a higher low to form compared to recent lows.
If we see a bear break of this current head and shoulders setup the bears will be back in full control of the short term.
I currently have exited 25% of my BTC swing position and had my first of 4 orders fill on LTC.
This is a play to scale in looking for the daily higher low to be set.
For me this is an area with a lack of clarity, which means I slow down or take smaller positions.
We know the bulls need daily continuation over $11,100 to change the trend, and we know the bears want to see higher volume and push the price back to the $9,000 low.
Some situations have high probabilities or what is likely to happen, and this current setup for me is more along the lines of a 50-50.
If we see a bear break of this current head and shoulders setup the bears will be back in full control of the short term.
I currently have exited 25% of my BTC swing position and had my first of 4 orders fill on LTC.
This is a play to scale in looking for the daily higher low to be set.
For me this is an area with a lack of clarity, which means I slow down or take smaller positions.
We know the bulls need daily continuation over $11,100 to change the trend, and we know the bears want to see higher volume and push the price back to the $9,000 low.
Some situations have high probabilities or what is likely to happen, and this current setup for me is more along the lines of a 50-50.
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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.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
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.