Base on the monthly BTC is on a bearish rising wedge, and a has falling from a major POI with a H&S pattern. Knowing that the HTF bias is an uptrend, moving to the lower TF the Daily is on a falling wedge and its descending from a major declining pressure to the trend line below but going to the 1h and 15M TF the price is retracing from a long chain of S&R Zone which has gain back momentum to the up side.
MY PLAY
If we get to the up side trendline i will enter a 50% short after a confirmation because we have not yet hit the BSL and we have a 3% gap to cover so we be entering and if the price grace us with even higher entry we will enter a 100% sell after a confirmation on the Resistance up above the falling wedge showing a breakout and might give us a double top showing a sell pattern to the downside. and my SL above the low that triggered the current fall the 27860 range
MY PLAY
If we get to the up side trendline i will enter a 50% short after a confirmation because we have not yet hit the BSL and we have a 3% gap to cover so we be entering and if the price grace us with even higher entry we will enter a 100% sell after a confirmation on the Resistance up above the falling wedge showing a breakout and might give us a double top showing a sell pattern to the downside. and my SL above the low that triggered the current fall the 27860 range
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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.
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.