BTCUSDC Outlook – Standby Mode Until Confirmation
BTC is currently forming a wedge on the 4H timeframe, typically a bullish continuation structure. However, now is NOT the time to enter. Patience is key — wait for price confirmation.
📌 First Plan (Possibility 1):
If price clearly breaks out to the upside, wait for a pullback
Drop to the 1H or 15min chart
Plan a long entry after price pulls back and forms a supportive structure and Stoploss below that pull back structure a little bit.
📌 Second Plan (Possibility 2):
If price breaks below the support line and forms a new low, do NOT panic sell
Switch to the 15min timeframe — it will likely appear as a downtrend. Wait for the first bullish impulse that may signal a potential reversal.
Enter only after price action confirms a shift from bearish to bullish trend (with green impulse) and Stoploss below that green impulse a little bit.
⛔ Conclusion: This is not an entry zone yet. Wait for clarity and confirmation from lower timeframes before taking action.
BTC is currently forming a wedge on the 4H timeframe, typically a bullish continuation structure. However, now is NOT the time to enter. Patience is key — wait for price confirmation.
📌 First Plan (Possibility 1):
If price clearly breaks out to the upside, wait for a pullback
Drop to the 1H or 15min chart
Plan a long entry after price pulls back and forms a supportive structure and Stoploss below that pull back structure a little bit.
📌 Second Plan (Possibility 2):
If price breaks below the support line and forms a new low, do NOT panic sell
Switch to the 15min timeframe — it will likely appear as a downtrend. Wait for the first bullish impulse that may signal a potential reversal.
Enter only after price action confirms a shift from bearish to bullish trend (with green impulse) and Stoploss below that green impulse a little bit.
⛔ Conclusion: This is not an entry zone yet. Wait for clarity and confirmation from lower timeframes before taking action.
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.
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.