Gunslinger2005

Thoughts on a BTC correction. Daily

Short
Gunslinger2005 Updated   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
Gap is there. linear regression channel support. L4ish on monthly. Decreasing volume with growing sell volume. PPO reading top. so is my TKE occilator over it. and the daily fisher transform seems to be flipping and its be at the 2nd deviation for a minute. and the red + sign is a daily wave trend cross.

Also since we are losing monthly H3 the typical camarilla pivot play would be to fade for other side of range
Comment:
This retrace hit channel pretty spot on. however we do have new monthly levels and they are suggesting possibly more downside

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.