IM BACK >=D BTC PREPARING FOR THE NEXT MOVE
Updated
Bearish:
Bullish:
Signs of big move:
Overall:
Daily analysis:
Previous analysis (click to open chart and view outcome):
![[UPDATE] I'm back >=D Another crucial moment for BTCUSD!](https://s3.tradingview.com/9/9vfsobw6_mid.png)
*edited red line
- Volatility decreasing
- Volume decreasing
- Daily Stoch RSI @ 100
- Red monthly candle (but it has not closed)
- At the upper 12H BB
- This looks like Wave B of a corrective ABC wave (please correct me if I am wrong, I am a noob with EW!)
Bullish:
- Green weekly close
- Shorts closing, longs opening
Signs of big move:
- Very tight 12H candles
- Approaching equilibrium of shorts/longs
- Confluence of major daily MAs
Overall:
- If we enter a position, we are gambling. Looking to play the breakout/breakdown OR hedging heavily with a decent stop.
- ST long entry: 6900 with a target around 7170/7200
- ST short entry: 6550 with a target around 6200/6150
- LT: leaning short
Daily analysis:
Previous analysis (click to open chart and view outcome):
*edited red line
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What did I say? ;)Note
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Sorry for the late update!Note
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