Greetings,
"At the edge of the abyss", that's what I would call the current status of bitcoin, and other American instruments that affect the price of bitcoin.
As long as the price is held at 30k support, and there is no need to make anything up on the shallower TF trade towards a breakout from the sideways.
On higher TF, downtrend, currently on support (wedge).
On the positive side, the second SPX candle closed with long tails, which is an indication of a possible pullback from support. Going below and consolidating below 3850 is sad for all markets.
If you liked this material, then please like it and subscribe so you don't miss anything.
Always use STOP, and do not use a leverage higher than x3.
A trader must always have tomorrow.
"At the edge of the abyss", that's what I would call the current status of bitcoin, and other American instruments that affect the price of bitcoin.
As long as the price is held at 30k support, and there is no need to make anything up on the shallower TF trade towards a breakout from the sideways.
On higher TF, downtrend, currently on support (wedge).
On the positive side, the second SPX candle closed with long tails, which is an indication of a possible pullback from support. Going below and consolidating below 3850 is sad for all markets.
If you liked this material, then please like it and subscribe so you don't miss anything.
Always use STOP, and do not use a leverage higher than x3.
A trader must always have tomorrow.
Comment:
#BTC bitcoin finally "remembered" that it correlates with indices and came out of the flat. There is an attempt of consolidation, it is statistically bullish set-up on the growing local trend. Possible price movements on the chart. Confirmation of support of the upper boundary of the flat or the lower boundary by squeezes (easy) to disembark extra passengers, all this is possible. Stops here only under the lower border of the sidewall in the area of 28 thousand, I just do not see a smaller stop, of course, if you do not trade intraday.
