BTC (1H) - Another Triangle above support ? You should be scared
Hi Traders,
As you can see, BTC is forming some overlaping structure above strong support, so my expectation is: Somebody is buildng a BIG short position to break it DOWN.
BUT, Be prepared for both directions and wait which trendline will be broken ;)
Take care and trade safe.
As you can see, BTC is forming some overlaping structure above strong support, so my expectation is: Somebody is buildng a BIG short position to break it DOWN.
BUT, Be prepared for both directions and wait which trendline will be broken ;)
Take care and trade safe.
Nota
Smaller TF: Nota
Triangle formation was broken, hence I suppose it could be abc bear flag or some similar structure where wave c is ongoing. Small TF:
Dagangan aktif
As long as the move from 48K to 39,2K can be identified as impulsive wave down (1 or A)... I expect at least another one Wave down ...(3 or C)If its wave 1 ... then hold your seat and get ready for a ride. It will be Volatile.
As long as the move from 48K to 39,2K can be identified as impulsive wave down (1 or A)... I expect at least another one Wave down ...(3 or C)
If its wave 1 ... then hold your seat and get ready for a ride. It will be Volatile.
Nota
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.