TradingView
olliecoughland
Jan 30, 2023 6:14 PM

Btcusd Short

Bitcoin / United States DollarCoinbase

Description

Forming what now appears to be a bear flag
Times up with feb 1 fomc event and a slew of other financial events to start febuary off
Usually the price pumps into the start of fomc event and dumps through the event with a couple of short lived bounces
Then after the event it sits in a slow downtrend until that breaks to the upside where we see a slow upwards mean reversion with plenty of wicks to the downside.
Will this time be different?
Apparenlty febuary is a nottade zone over all which probably means fakeouts to the upside and downside before forming a fairly mild monthly candle with huge wicks
Interesting given how many altcoins are poised to break range rn
Comments
hwn949981
Do you have the latest views?
olliecoughland
@hwn949981 yea ill post it
olliecoughland
@hwn949981 appears to be ranging semi expect an up and down sweep before back to range
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