Bitcoin Perpetual FuturesUpdated $BTC at critical level - 3 possible scenarios
Bitcoin is now at a high timeframe level, which should be acting as a do or die support level.
There's however a few possible scenarios from here, and the easiest one for taking a trade would be a fake out below, followed by a reclaim of the level (green arrows). This would help defining the risk at the swing low, and would be a high probability long trade.
There's however a few possible scenarios from here, and the easiest one for taking a trade would be a fake out below, followed by a reclaim of the level (green arrows). This would help defining the risk at the swing low, and would be a high probability long trade.
Trade active
green scenario is playing out perfectly, and i do expect a cooldown to the highlighted area. if it holds, i expect the structure to turn bullish
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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.