Is Bitcoins Range Box maybe hiding a bearish secret ? CAUTION ?
21
I have been talking about his range box that PA is in for a while and, at the same time, referenceing the previous 2 times PA has done this this Cycle. But I also pointed out recently how this range is slightly different and possibly in a bearish way..
And I just found this on a 4 hour chart, which if true, could point towards PA taking a sudden drop to bottom of Range or Lower. https://www.tradingview.com/x/O1qkbkiV/
As you can see, PA has ranged across and just got rejected off the Upper trendline of a descending channel. The Fib Retracements levels seem to offer support There is a vertical line on 1st April to give you a marlker to work on as main chart is a daily and this chart is 4 hour. PA could continue to range horizontalyt till around 3rd March before hitting trend line again. If PA tries to break out, it will hit it earlier. In my head, I always have that Still open CME Gap at 77K - 82K This is a perfect opportunity to buy Bitcoin at a discount if we get down there. I do have an open SPOT BUY order at 78600 just in case. I would not expect PA to remain down there for very long, so I have placed my order above what I consider to be the possible Low. None of this may happen BUT I find it prudent to be aware of all possibilities.
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.