BTC/USD Perfected TD 9 Sell On Weekly Time Frame.
As of right now I am short based off T D Sequential.
Because of all the FOMO and institutional money flooding in, the sell can be invalidated, as long as next weekly candle closes higher than or equal to the close of the 9 count candle, but I doubt that will happen because this move can not be sustained, it needs a correction in my opinion.
Yes, monthly 9 count high was broken, but it can still be invalidated as a long play.
Because of all the FOMO and institutional money flooding in, the sell can be invalidated, as long as next weekly candle closes higher than or equal to the close of the 9 count candle, but I doubt that will happen because this move can not be sustained, it needs a correction in my opinion.
Yes, monthly 9 count high was broken, but it can still be invalidated as a long play.
Note
If this weekly candle closes equal to or higher than the close of the 9 count then the short play will be invalidated for at least 1 more week.
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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.