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Bitcoin
Short
Updated

IM BACK >=D BTC PREPARING FOR THE NEXT MOVE

919
Bearish:
  • 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:
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Previous analysis (click to open chart and view outcome):
BTCUSD BEARISH SCENARIO

ANOTHER BTC BEARISH SCENARIO

IM BACK >=D BTC IS GOING TO BURN SOON IF BULLS DONT STEP IT UP

[UPDATE] I'm back >=D Another crucial moment for BTCUSD!

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*edited red line

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What did I say? ;)
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Sorry for the late update!
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apelord
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Bitcoin (Cryptocurrency)BTCBTCUSDBTCUSDTTrend AnalysisxbtXBTUSD

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Bitcoin (Cryptocurrency)BTCBTCUSDBTCUSDTTrend AnalysisxbtXBTUSD
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Also on:

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.