BTC weekly: Bottom of the trading range, rebound?
Updated
long, 9200 target
Weekly analyse: We are in a consolidation zone since the big red candle (bearish engulfing) followed by the markdown at 6000 (down rejected pin bar, and we are in an inside bar: on a monthly chart) wich set the trading range : 7540- 11536. We are in this range since 7 weeks now.
Last week was a reversal candle (bearish outside bar): impulse is bearish, with news, but no fundamental changes still. G20 will certainly be about terrorism and money laundring, not much more i think.
Regulation would bring fresh money.. When i see this, i see bankers that want to be in. There are good news: barkley..goldman Sachs.. that is in poloniex already so they want cheap BTC too, so they set panic by telling everybody that btc will go down).
I think this is it, because we stopped at the bottom of the range. We have supports too.
I will get out if i see a break of 7292.
reuters.com/article/us-g20-communique-draft-cryptocurrency-e/exclusive-g20-financial-heads-to-urge-crypto-asset-monitoring-to-safeguard-financial-stability-idUSKCN1GP2PQhttps://www.reuters.com/article/us-crypto-currencies-google/google-bans-cryptocurrency-advertising-bitcoin-price-slumps-idUSKCN1GQ0GD
reuters.com/article/us-crypto-currencies-barclays/bitcoin-exchange-reaches-deal-with-barclays-for-uk-transactions-idUSKCN1GQ2JD
Weekly analyse: We are in a consolidation zone since the big red candle (bearish engulfing) followed by the markdown at 6000 (down rejected pin bar, and we are in an inside bar: on a monthly chart) wich set the trading range : 7540- 11536. We are in this range since 7 weeks now.
Last week was a reversal candle (bearish outside bar): impulse is bearish, with news, but no fundamental changes still. G20 will certainly be about terrorism and money laundring, not much more i think.
Regulation would bring fresh money.. When i see this, i see bankers that want to be in. There are good news: barkley..goldman Sachs.. that is in poloniex already so they want cheap BTC too, so they set panic by telling everybody that btc will go down).
I think this is it, because we stopped at the bottom of the range. We have supports too.
I will get out if i see a break of 7292.
reuters.com/article/us-g20-communique-draft-cryptocurrency-e/exclusive-g20-financial-heads-to-urge-crypto-asset-monitoring-to-safeguard-financial-stability-idUSKCN1GP2PQhttps://www.reuters.com/article/us-crypto-currencies-google/google-bans-cryptocurrency-advertising-bitcoin-price-slumps-idUSKCN1GQ0GD
reuters.com/article/us-crypto-currencies-barclays/bitcoin-exchange-reaches-deal-with-barclays-for-uk-transactions-idUSKCN1GQ2JD
Note
LOG CHART Note
MID range is in orangeNote
Monthly chart shows the risk: The risk shown here is that if we have a weekly break down of our range, we will probably go down to 6547 (november candle), maybe a little under.. This candle go up to the top of the weekly range too. So this is why i am in too. We have EMA's under us too, even if i am not a big EMA fan for trading. Note
Linear 4 H chart: You could wait the cross of the red resistance.. or a retest, or buy with stop. We have a down rejected pin bar, a bullish candle, and now an inside bar.. this might be a reversal.
Note
The log chart is looking even better. Trade active
My linear 4 h chart shows red line, sorry i didn't draw it well.. here is the daily chart (linear). You can see that we are actually back up th green descending line (wich was the red on the 4 h)Note
1h chart.. i might adapt my target around 8700-9100. But not yet. I am expecting some buying after the G20 too. If it is the case, i will add. Here is the green candle.. and my min expectations
Note
Trade active
moving stop up to secure, break out of the triangle.Trade closed: stop reached
8381 stop reachedNote
looking for the next entryNote
let see if this hold before .. 
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