Posting New BTCUSD Chart After Editing Several Lines...
After observing Silver and Gold prices going up the way they are currently, I'm beginning to believe we may not drop as low [As I depicted in previous publication] when we consolidate again before legging up.
The reason I'm saying I'm "Short" on BTCUSD right now is because I believe our next decent size consolidation move will begin within the next 2 to 5 days. Buying right now may be a bit risky if one thinks we will blast through $1,100 towards $1,200. I just don't see that occurring "yet."
I see us probably going to a range of $1,085 to $1,115 before having a decent size consolidation dump of approximately $100. Am I suggesting one buy right now? Not necessarily... If one does get in now, they would need to consider a stop loss.
Simply posting chart again because the publication scrunches everything up in the cover chart.
The reason I'm saying I'm "Short" on BTCUSD right now is because I believe our next decent size consolidation move will begin within the next 2 to 5 days. Buying right now may be a bit risky if one thinks we will blast through $1,100 towards $1,200. I just don't see that occurring "yet."
I see us probably going to a range of $1,085 to $1,115 before having a decent size consolidation dump of approximately $100. Am I suggesting one buy right now? Not necessarily... If one does get in now, they would need to consider a stop loss.
Simply posting chart again because the publication scrunches everything up in the cover chart.
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And it happens again....What happened?
Well, my previous publication on BTCUSD was more accurate than this current publication. However, I'm going to improvise.
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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.