A significant amount of liquidity has accumulated above short positions. Market makers have successfully convinced the majority that Bitcoin is in a bearish trend. In fact, if you ask almost anyone about Bitcoin's direction right now, they'll likely say it's bearish.
This is exactly the kind of environment where Bitcoin could make a strong move to the upside, targeting and liquidating those short positions.
From a technical and wave-count perspective, a corrective triangle appears to be nearing completion. Once this triangle is complete, the price could begin a powerful bullish move.
This time, consider trading against the crowd rather than following what everyone else sees.
The entry, stop-loss, and target levels are marked on the chart. Consider taking partial profits at the first target to secure gains and reduce risk.
If you have a coin or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.
Do you also think Bitcoin oil is bullish?
This is exactly the kind of environment where Bitcoin could make a strong move to the upside, targeting and liquidating those short positions.
From a technical and wave-count perspective, a corrective triangle appears to be nearing completion. Once this triangle is complete, the price could begin a powerful bullish move.
This time, consider trading against the crowd rather than following what everyone else sees.
The entry, stop-loss, and target levels are marked on the chart. Consider taking partial profits at the first target to secure gains and reduce risk.
If you have a coin or altcoin you want analyzed, first hit the like button and then comment its name so I can review it for you.
Do you also think Bitcoin oil is bullish?
Order cancelled
This setup is cancelled.
✅ Join our Telegram channel to succeed in trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
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.
✅ Join our Telegram channel to succeed in trading.
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
💎Our CRYPTO Telegram Channel: 👉 t.me/Behdark_EN
💎Our FOREX Telegram Channel: 👉 t.me/FX_Behdark
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.