Please do your own research with your own diligince before investing or taking trading actions based upon this charting!
Explanation & Tips for Profit Trades:
I expect Bitcoin to put in a lower low in order to test various areas from the huge run up it did previously.
I expect next lower low to hit the range of 17.000$ - 17.300$ price level area, so I'm shorting Bitcoin after it breaks the current Golden Pocket
A dead-cat bounce is also possible after hitting the price level expected to test upper resistance which now, at the time of writing this are support areas but I would advice not to be greedy longing Bitcoin on the dead cat bounce without putting TP.
TRADE SAFE.
Explanation & Tips for Profit Trades:
I expect Bitcoin to put in a lower low in order to test various areas from the huge run up it did previously.
I expect next lower low to hit the range of 17.000$ - 17.300$ price level area, so I'm shorting Bitcoin after it breaks the current Golden Pocket
A dead-cat bounce is also possible after hitting the price level expected to test upper resistance which now, at the time of writing this are support areas but I would advice not to be greedy longing Bitcoin on the dead cat bounce without putting TP.
TRADE SAFE.