Hi there, Bitcoin chart showing some stability over the week, many people started to think that the market is recovering and it will be bullish in nearest future. Well I have doubts about it, so we calculating our probabilities to manage risks before taking trade decisions.
Look at chart now: it showing us Ascending Triangle, and price still developing inside it....
Right now is at an indecision area
we are rejecting the Blue/grey zone
we have emas closing in and out
we are forming some sort of ascending channel/triangle/flag wich give us a bullish outlook, usually with this I would say bullish, but we have next to the resistance a larger time frame resistance
we've had a few green weekly candles, but the last few I think...
Hello Retail investor, I will give a "continuation" of my "main idea" published on February 28 from the perspective of "ORDER FLOW" being today
02:00 UTC on Wednesday, March 6.
Probable points of "liquidation" or entries in "long".
RELEVANT SUPPORTS (APROX):
SUPPORT USD 3812.5
SUPPORT USD 3809.22
SUPPORT USD 3804.22
SUPPORT USD 3792.04
I'm not playing any huge moves now, but looking to enter a long position if my short hits target. Lots of buy orders for BTC below, as I would also like to get some at lower bids. Alts just went on discount, and we could see a nice pop if price drains slowly a bit longer.