Short

Updated

Selling opportunity in Bitcoin?

I don't know if the price will go up or down. But I think buying now in areas of multiple resistances is a bit risky.

Any divergence in either the MFI or the RSI indicating buying exhaustion, I believe it is a good time to sell. As happened on July 28th.

Trade active

Stables coins dominance signaling a bear trap.

Note

MicroStrategy in resistance zone.
Many consider this stock a proxy for Bitcoin.
The correlation on the weekly chart is at a point where it tends to increase (periods from July to September).
In addition, the price is at the top of a long rising channel, threatening to break above and then turn back down in a symmetrical triangle on the daily chart.

Note

USDT, USDC and DAI dominance index (together).

We have a possible false breakout of the bearish trendline in dollar dominance.

If this falsehood comes true, USD dominance falls, and so Bitcoin rises.

On the other hand, if there is indeed a breakout above and dominance rises, BTC falls further.

Trade closed: target reached

Wait for the next entry.

Trade active

Next target: 59k

Note

The price needs to respect wave 1 to continue rising.

Note

Bullish divergence

Note

VIX: people are scared...

Trade closed: stop reached

Partial target hit, operation cancelled.

Note

Will the party end early or will we still have an extension if the same bullish leg of wave 3 repeats?

Trade active

Bear divergence on Money Flow Index, also with rejected resistance in RSI.

Targets:
$ 62,875
$ 61,074
$ 57,229
$ 53,376
$ 48,725

Bear divergence on Money Flow Index, also with rejected resistance in RSI.
Can be only a pullback to continue rising? I don't know.

Note

Pullback scenario:

Note

⏳ Waiting...

Order cancelled

The scenario in this chart is out of date.

andre_007

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andre_007

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