Hi.
So BTC not showing a lot of strength, breaking market structure and basically just limping around. Don't mind the falling wedge pattern, it can be descending triangle, you can find head and shoulders patterns in there, most of them shorterm bearish. I'm guessing the price goes to 27760ish, cleaning up the lows and possibly forming bullish swing failure pattern with the first target being 31300, which is an orderblock currently holding as support, so we basically play long for the test of support flipped resistance.
P.S. I'm using FTX exchange, which kind of made me stop using Binane and Kraken, could not recommend it enough.
Check FTT and SRM for longer term spot buys, Sam Bankman-Fried is an incredibly smart and successful quant trader in whom I truly believe
to make amazing projects.
If in need, here is my referral for FTX exchange: ftx.com/ (5% fee discount)
So BTC not showing a lot of strength, breaking market structure and basically just limping around. Don't mind the falling wedge pattern, it can be descending triangle, you can find head and shoulders patterns in there, most of them shorterm bearish. I'm guessing the price goes to 27760ish, cleaning up the lows and possibly forming bullish swing failure pattern with the first target being 31300, which is an orderblock currently holding as support, so we basically play long for the test of support flipped resistance.
P.S. I'm using FTX exchange, which kind of made me stop using Binane and Kraken, could not recommend it enough.
Check FTT and SRM for longer term spot buys, Sam Bankman-Fried is an incredibly smart and successful quant trader in whom I truly believe
to make amazing projects.
If in need, here is my referral for FTX exchange: ftx.com/ (5% fee discount)
Comment:
There is still time for trade to develop, even though it looks like BTC's floor was at 29k. Need confirmation above 33k or another leg down to enter a long position.