High time frame I am still bullish on Bitcoin, the August 5th low looks to have come down to the macro dealing range 0.5 OTE with a ~0.07% fill. Ideally after that, I wanted to see the August 5th Weekly candle wick get traded into, in-which, we did see that happen. So macro, we are still looking good, sub structure on the other hand is still bearish until price trades over $70,040. In the meantime, I think we get one lest sweep for trailing stops before we start the expansive leg that takes us out of this 6 month range. October is normally a bullish month, and we have spent the first week distributing to the downside (which is great, because now we have printed the monthly low).
So yeah, remember to be patient, and execute if the opportunity comes. Should be a fun Q4.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.