These are the levels I'm currently paying attention to with Bitcoin.
"Chris, what are you waiting to see take place with price?"
I'm waiting to see if Price Action will do a B.A.R of the $10590 level before heading further down.
"But why there, and do you believe it's going down?"
All due to the clues that's being left behind in price. A key level ($12190) was breached that's pretty visible from the Weekly perspective, if today's Daily candle close as an engulfing then that is very significant along with the "area of interest" ($10590 - $11044) being hit multiple times which in return weakens it.
"Okay, where would you get in and take profit if you were to short it?"
Were you not paying attention? Rhetorical. But I would wait for a B.A.R of the $10590 level and I would look to take some profits around the $9600 area.
"What if you're wrong about everything you just told me?"
Then so be it, readjust. Also I'm not a financial advisor so trade at your own risk. However, I'll wait until there's a B.A.R of the $12190 level and that's it. Once again, I am not a financial advisor. Got it?!
"Understandable, and good look."
"Chris, what are you waiting to see take place with price?"
I'm waiting to see if Price Action will do a B.A.R of the $10590 level before heading further down.
"But why there, and do you believe it's going down?"
All due to the clues that's being left behind in price. A key level ($12190) was breached that's pretty visible from the Weekly perspective, if today's Daily candle close as an engulfing then that is very significant along with the "area of interest" ($10590 - $11044) being hit multiple times which in return weakens it.
"Okay, where would you get in and take profit if you were to short it?"
Were you not paying attention? Rhetorical. But I would wait for a B.A.R of the $10590 level and I would look to take some profits around the $9600 area.
"What if you're wrong about everything you just told me?"
Then so be it, readjust. Also I'm not a financial advisor so trade at your own risk. However, I'll wait until there's a B.A.R of the $12190 level and that's it. Once again, I am not a financial advisor. Got it?!
"Understandable, and good look."
Заметка
*Please excuse my typos. It was typed while I was high and in my thoughts*
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Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.