Bitcoin wants to be free
Updated
Bitcoin pushing to get a candle close over D3 candle range. I believe it should break upwards and retest.
Edit: Daily closed under it while publishing, not too hot.
Possibly leveraging long after a close above D3 candle range. TP at 4.8 and shorting 4.9 as a hedge.
Would short a bearish retest of 3.8 HVN if price gets there. Otherwise I'm staying mostly flat except for my call options (haha..)
Other high cap coins showing confluence:
ETHUSD Quanto looking to re-enter range
EOSUSD looking at a stronger relief level, but not conclusive
DOGEBTC looking to make a rounded top, which may be a bad thing but if BTC bull runs up then the ratio usually lags
Edit: Daily closed under it while publishing, not too hot.
Possibly leveraging long after a close above D3 candle range. TP at 4.8 and shorting 4.9 as a hedge.
Would short a bearish retest of 3.8 HVN if price gets there. Otherwise I'm staying mostly flat except for my call options (haha..)
Other high cap coins showing confluence:
ETHUSD Quanto looking to re-enter range
EOSUSD looking at a stronger relief level, but not conclusive
DOGEBTC looking to make a rounded top, which may be a bad thing but if BTC bull runs up then the ratio usually lags
Note
After some more level watching: Ideal short being the highest price should go before failing, with 3 month close being a big deal. Disregarding price action, signs are pointing to long.
- High volume points to reversals
- Daily volume is tapering down (volume lowering signals end of a trend)
- MACD cross
Is this too much TA? Yes lol. But I do trust all of my tools and am getting cabin fever in this 10% chop zone. It was surprising that price consolidated at 3.9 instead of 4.0 where shorts opened bigly, and from other analysts I trust it looks to be related to painting the monthly close.
Note
Trying for a scalp long here and beyond that I see 3.6 and 2.7 as potential bounces. Shorting bearish retest of 3.8, possible 3.9 as entry (price under recent consolidation)
Note
Ideal entry for a short in at low 3.9, filled small at high 3.8. Feels like a major risk with the violent bounce up, but rules aren't made to be broken. Still won't long with force below 4.3
My published indicators: tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
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