Bitcoin
Short
Updated

THE BIG SHORT (initiated august 18th) - $9200 next for bitcoin?

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-Yurlo (Please HIT the like button if you enjoy these visuals of my perspective towards what's in store for BTC (Bitcoin) in coming months) ~ 👍

~ (this is not financial advice) ~

Things to consider: Price Action ~

#1: If we reject, 0.382 fibonacci level (9735 will (current support), will be flipped into resistance & we should retest 0.236 fibonacci level (7310

#2: (looking for a rejection of previous candle retest & a s/r flip into support)

#3: (resistance from Feb 12th 2018) ~ support flipped into resistance if we do happen to lose $10,200 USD ~ s/r flip.

#4: We also haven't had a close above fibonacci level 0.618 (13654) ~ only wicked to $12495 before rejection.

#5: Can't even think about fibonacci level 0.796 (16444) considering we've had over a $2000 USD rejection from the possible yearly top.

#6: Moving average'e indicate once we break $10,000 USD we should fall to around $9200 USD.

Stoch RSI:

#1: (broke down august 17th ~ 13495) ~ from support into resistance on (htf) charts ~ higher time frame.

#2: The downwards pressure indicates bearish pressure isn't over & we haven't yet reached that exhaustion phase ~ (yet)

This is just my perspective and how I'll be trading Bitcoin unless we have a major impulse and break $10,700 USD.

Best of luck to you all, and thank you for continuously supporting my idea's & perspective along my trading journey.

I'm glad to have you all here! ❤️
Trade active
snapshot

If this 12 hour candle goes red bulls are going to be sweating.
Trade active
snapshot

Stoch RSI going EXACTLY as predicted back when I drew this on September 7th.
Trade active
Here's a look at DXY ~ I believe we're going to see a bounce on (htf) which will lead to BTC taking a hit with more sell pressure.

$DYX (american dollar) LOOKING FOR A BOUNCE ~ higher time frame
Note
A year after halving (2016 halving) ~ followed by 2017 pump. Then (2020 halving) followed by 2021 pump. In other words we aren’t going to ATH’s in 2020.

Few understand.

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