BTCUSD Market Maker Cycle (Daily)
Current status of the market-maker cycle (Master Pattern) with BTCUSD. It's currently in the trend phase (to the downside). Trend phase can end at 30k to bounce and continue its uptrend, eventually testing the Average Price line at 58k,
OR the current trend phase can continue to break-down to the next tier, currently set at 20k.
Plotted are a few different scenarios. The exact scenario will become more apparent in the coming weeks when new price action becomes available.
Note: *Logarithmic scale used, *Past performance is not indicative of future results, *Trade only with what you can afford to lose completely (aka, don't trade with your kids' college money!)
OR the current trend phase can continue to break-down to the next tier, currently set at 20k.
Plotted are a few different scenarios. The exact scenario will become more apparent in the coming weeks when new price action becomes available.
Note: *Logarithmic scale used, *Past performance is not indicative of future results, *Trade only with what you can afford to lose completely (aka, don't trade with your kids' college money!)
Having success in your trading journey? We'd love to hear about it in our growing community. I love making new tools and innovating for retail traders that hope to achieve financial freedom. Check us out at DripTrade.com
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.
Having success in your trading journey? We'd love to hear about it in our growing community. I love making new tools and innovating for retail traders that hope to achieve financial freedom. Check us out at DripTrade.com
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.