This is what I am looking at for BTC big picture. I am leaning on bearish case cause we really should retrace one more time to test the lows and trap the bulls. But BTC aint gonna let you trade it easy. I am shorting with the breakdown, but in case we hold the green line I am going long all the way to 16k.
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This is STF EW scenario which is active long when we close above 1.618
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Red scenario is playing out, it is denied if we close above 10500. Here was my overnight preset short trade, which I just closed. Will scale back in. as depicted in the original
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Here is more detailed BTC roadmap, If you are long BTCUSD and think this is a bounce zone, then just countertrade this.
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Watch out for this 1h death cross at 10400, we could pull into it which would be the perfect red scenario bounce, after which if we cant hold it we drop really fast. Still bearsih until we close above 10500 on daily.
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To be more precise
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Careful now
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10k proving bigger obstacle then porseen but it just means it takes longer at this point. Closes under 10k and now 10k resistance, 1h MA for 50/200MA death cross.
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Decision point
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Tick tock all is silent, time for volatility, this week either up or down, place your stops, dont get liquidated
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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.