mammamia2

Black swan event or pump? $BTC update!

BITSTAMP:BTCUSD   Bitcoin
📈 Chart Analysis:

Potential falling wedge: Top tip wait for breakout and retest of the AVWAP before taking a long

Are we retesting the Head and Shoulders resistance in prep for a "Black Swan" event that will take us to our low target?: top tip for an early SHORT position you could take the short now and place a stop above the highest high of this retest OR on the falling wedge break out area ;)

additional info!
Currently in a Stage 3: where we look for Bullish continuation patterns (falling wedge) and/or topping patterns Head and shoulders
OBV still in a stage 1 and looking weak!

🔔 Risk Management:
Adjust your position size based on your risk tolerance and use proper risk management strategies, such as trailing stop losses, to lock in profits as the price moves in your favor.

⚠️ Disclaimer:
This analysis is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.

🔓 Slim Trady: Unleash your Trading Power!
🔑 For Insights & growth.
🐦 Twitter: twitter.com/TheRealSlmTrady 🎧 Discord: discord.gg/bloodgang
🎯 Elevate your game with Slim Trady & team!
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.