Hello, everyone!
Bitcoin price is consolidating just above my yesterday's long entry. This trade is so risky because in my opinion the high is gonna be very close to the current price. I pointed out earlier the wave 5 target at $29600, but maybe
BTCUSDT will squeeze above $30k.
On the chart we can see the very nice trend channel. After the FOMC meeting price formed the deviation below it, but after that returned back inside. Now it's trying to break down the lower band again, but I suppose it's just to make scared a lot of traders. In my opinion price should form the same deviation above $30k. Just imagine how greedy could be people above $30k! Market maker can distribute a lot of Bitcoins at such high price before the last bearish dump below $15k.
Best regards, Ivan
______________________________________________
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Bitcoin price is consolidating just above my yesterday's long entry. This trade is so risky because in my opinion the high is gonna be very close to the current price. I pointed out earlier the wave 5 target at $29600, but maybe
BTCUSDT will squeeze above $30k. On the chart we can see the very nice trend channel. After the FOMC meeting price formed the deviation below it, but after that returned back inside. Now it's trying to break down the lower band again, but I suppose it's just to make scared a lot of traders. In my opinion price should form the same deviation above $30k. Just imagine how greedy could be people above $30k! Market maker can distribute a lot of Bitcoins at such high price before the last bearish dump below $15k.
Best regards, Ivan
______________________________________________
Subscribe now and never miss an update👍
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Turn TradingView indicator & strategy alerts into automated trades on major crypto exchanges using no-code bots
Start free at skyrexio.com
Start free at skyrexio.com
Related publications
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.