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It's likely BTC will eventually decline to the indicated buying area. I have constructed a balanced trade for a long at this region. This region could easily take price to new ATH, especially if price declines slowly with lots of corrective activity.
While it is possible to decline further to one of the other regions, I don't think the probabilities for this are as high
It's likely BTC will eventually decline to the indicated buying area. I have constructed a balanced trade for a long at this region. This region could easily take price to new ATH, especially if price declines slowly with lots of corrective activity.
While it is possible to decline further to one of the other regions, I don't think the probabilities for this are as high
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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.