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HurricaneCapital
Aug 4, 2022 10:14 AM

BTCUSDT: An ambiguous situation 

Bitcoin / U.S. dollarBitstamp

Description

The BTC price continues to correct within some of bearish structure.

I am still not taking any trading action due to the ambiguity of the situation.

In case a bullish momentum is formed, I will look for a place to open a long position: e.g. after the price breaks the local downtrend line.

In general, there is a feeling that a wedge pattern may form; whether it will be the end of the bullish dynamics is almost impossible to predict at the moment.
Comments
botop
why, when you can buy the middle and panic every time you see movement in either direction? :)
HurricaneCapital
@botop, omg))) best solution...)
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