Long

Bullish Scenario

Updated

'Corn' already broke out on hourly and looks good for breaking the 11.3k resistance, this can be a risky trade however if someone is going long here Target 1 should be 11.3k and Target 2: 11.7k

I am expecting a dip once it hits 11.6-11.7k resistance and if the 11.3k or 11k support holds followed by a bounce we might see the biggest breakout we all have been waiting for to end the downtrend on bitcoin

I am already long from 10.8k on bitmex june futures so my thoughts can be biased towards a bullish case lol

Maybe this might happen (4h):

1 day ichi:

Also the 3 day time frame (ichi with MACD is interesting) i.imgur.com/GMtRA7r.png

Overall things look bullish but be cautious, play safe, keep an eye on support and resistance, manage position and risks accordingly.
Good Luck!

Note

Target 1 hit

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#1 contracts holder on okex getting liquidated

twitter.com/BTCVIX/status/969765713752875009

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liquidation are still open

twitter.com/whalecalls/status/969770608757264384

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I have already closed 50-60% of my long position at 11600-11690 on bitmex june futures so not worried about this dip and not adding here too because want to play safe and see how things play out

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Rising wedge breaking here, added more to my long postion, have more bids at 10.7-10.8k level and 10.4-10.5k level

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11-11.1k was strong af and breakout again

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All bigger time frames are looking super bullish, will share charts later

Bulls are strong af but this resistance is also not weak either

I see a small bear div on 4h, not sure if that will result in any dip tho

Note

12h ichi: i.imgur.com/VVZcpV4.png

1 day ichi: i.imgur.com/KdSaeEA.png

3 day ichi: i.imgur.com/HraXpSM.png

weekly ichi:

Note

daily candle doesnt look good, expecting a dip

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Although it has closed above 0.382 fib

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bbands getting squeezed on 4h, also noticed a hidden bull div

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bull div got invalidated and bbands were squeezing for this dip. Adding more to my long position with bids from from 10700 to 10900

Have some bids at 10.4-10.5k as well

Will share new idea today or tomorrow

Trade closed: target reached

prayank23

Also on:

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