Bitcoin is making similar fractals and pumped almost $1000 from the lows.
If bear market is going to continue good place to build a short.
If bull market to follow, then pull back is due for accumulation.
Time shall tell.
If bear market is going to continue good place to build a short.
If bull market to follow, then pull back is due for accumulation.
Time shall tell.
Trade active
Dropping as planned. May see move up to the 42-4250 range to make a triangle and then should fail. Moved stopp lower to $4270 range incase bulls come back to push higher. If so, will build short from $4370-4500 range.Note
Bitcoin moved as per my original fractal. Got higher orders filled for the short. Wedge is building as well which would invalidate this fractal and we could see $4500 prices before correction.
Note
Trade going well, we should get back to the $4280-320 and then start falling again, it may go higher as BTC does what it wants or continue falling. Have stops in place in case larger triangle brakes upwards.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.