This is not a new idea or concept but it is something that should be visualized and prepared for. I'm not saying this is going to happen but I see this pattern unfolding on a few charts. All I can do is watch it live, manage risks, and look for confluence/confirmation patiently. I did reduce risk near the local and patiently await for some of my signals to come in. I always take the opportunity to increase BTC, even if its just converting profit in small orders when BTC respects my trends. I do expect a hefty correction at some point and this drop was marked on many of my charts as a pivot. However, I think it would be wrong to say the PA in this chart can't happen. It makes a lot of sense given that there seems to be a ton of bearish context after the latest drop.
Consider this a visual to keep in mind of how things evolve. Study liquidity, volume, and the seek peripheral data outside the default indicators and/or your routine system.
Neutral for today - Long overall
BTCUSD
Consider this a visual to keep in mind of how things evolve. Study liquidity, volume, and the seek peripheral data outside the default indicators and/or your routine system.
Neutral for today - Long overall
BTCUSDNote
Note
hitting the sideways chop on queue
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.