ITSCRYPTO1

BITCOIN UPDATE

Short
COINBASE:BTCUSD   Bitcoin
BTC continues to respect the bullish corrective structure, as the range tightens in this huge rising wedge formation. BUT we can identify price has formed a triple top off the 0.5 fibonacci followed by a small break of low on the 4H timeframe, price is now retracing to potentially form a new LH - if we get confirmations of a new LH formation we will be looking to get back in our shorts.

For now waiting patiently for PA.
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.