Reason for the BTC Drop to $29000 and where to from here?
In yesterday's video I spoke about why I thought Bitcoin could drop back down to $29000.
1. Volume was decreasing with price going up
2. Big longs were opening up at resistance
In today's video I look at where BTC could go to in the next few days and see on the TPO and imbalance charts why price fell like it did.
I am looking for a small retracement back to the POC and if we have strength in that area I will be going long.
TP - back up at $31000 and if we break out, hold the position to $35000.
Have a look at the video for an in depth analysis.
Not financial advice, DYOR. Papertrade before using real money.
If you liked this idea, please give a thumbs up and follow.
Safe trading.
Shawn
1. Volume was decreasing with price going up
2. Big longs were opening up at resistance
In today's video I look at where BTC could go to in the next few days and see on the TPO and imbalance charts why price fell like it did.
I am looking for a small retracement back to the POC and if we have strength in that area I will be going long.
TP - back up at $31000 and if we break out, hold the position to $35000.
Have a look at the video for an in depth analysis.
Not financial advice, DYOR. Papertrade before using real money.
If you liked this idea, please give a thumbs up and follow.
Safe trading.
Shawn
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