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Cryptocurrency Futures Longs vs Shorts😁😉
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💰 Bitcoin is entering a historically challenging period in Q3, with August and September often seeing weaker performance.$BTC
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The price action of $BTC DOMINANCE on the H1 timeframe successfully completed its Bearish Harmonic Shark pattern and reversed from its potential reversal zone, marked between the 0.886 to 113 levels. Currently, the price action is respecting its horizontal support level, marked between the 56.52% to 56.49% levels. From here, we can expect a bounce back in the price action. $BTC
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I was watching this bounce for a while and wanted to alert you guys. I missed it for some reason. Look what happened after...!!!
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It could probably pull back to 200SMA. But the stronger higher time frames and the increasing volume towards the break point show buyer dominance. $TIA
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Question for you guys...!!!! TIA found a bottom at $5. It triple-bottomed and reached the upper band of this price channel. It is bouncing off daily support and the 4hr support. The price is above all three moving averages. What would you do here? Do you go SHORT or LONG? $TIA
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