coinofthewest

BTCUSD - Potential uptrend start

Long
COINBASE:BTCUSD   Bitcoin
***Please keep in mind, no idea is ever perfect. It is impossible to predict the future with 100% certainty. Any number of factors can change in an instant.

This is a zoomed out idea showing back in November was the time to short around 60k. The end of the year had a bit of life to it with a potential upswing around 50k.

Ultimately it failed and switched back to shorting where it reached down to 30k at the end of Jan.

Now we have had 2 pumps since then, the same as what happened back in November when we trended hard down 50%.

I am currently long but always manage your risk.
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.