RN, we're forming a bottom structure.
It is signaling already on all timeframes up to 1W, including.
And it may continue for weeks.
On 1W, I see it for the first time since the previous bottom at 20k-16k.
So, it looks like a very strong entry point.
Do not take this as a scalp/swing trade.
Also, you can place additional orders all the way down to the stop-loss.
For me, there are 2: at 57.7k and 43k.
* only a whole crypto market collapse may ruin it
** and we do not believe in such a thing :)
It is signaling already on all timeframes up to 1W, including.
And it may continue for weeks.
On 1W, I see it for the first time since the previous bottom at 20k-16k.
So, it looks like a very strong entry point.
Do not take this as a scalp/swing trade.
Also, you can place additional orders all the way down to the stop-loss.
For me, there are 2: at 57.7k and 43k.
* only a whole crypto market collapse may ruin it
** and we do not believe in such a thing :)
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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.