dRends35

BITCOIN - Short at POC

Short
dRends35 Updated   
BITSTAMP:BTCUSD   Bitcoin
BTC regressive structure becoming a bit unclear here with a bounce shy of the lower pennant trendline. BTC and alts may gravitate towards their POCs in indecision. Will stagger into a short position if price returns to this area around 38K in BTC and ETH.
Comment:
Not advice.
Trade active:
I'm laddering in here at 37K.
Comment:
Shooting star wicks into POC. GOod chance this is the top.

Comment:
Comment:
Price is piercing through again, but it won't be for long. This is what can be called; a liquidity fake-out. Trend-based fib time 1:1 coming up may well find the top.

Comment:
Comment:
Comment:

I'm somewhat quiet on TView for now but you can find me pumping content every day in my Telegram Trading Group 🧐

Part 2 of the fortnight video now uploaded to the group: 27th May - Crypto focus😼.

$50 per month 👍🏻.

Contact: t.me/dRends35
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.