Long

Mixed Signals on 4HR Chart

Updated

I'm leaning bullish here as it looks like Bitcoin is following a similar price movements to that of May 2020: The lower time frames signal bearish, but the higher time frames remain bullish. Looking to use the lower timeframe dumps to get a good long position. A 4H close below $11,000 and especially $10,900 and I would exit long and look to flip short. I'm thinking one more short squeeze to $12,200 or a little higher. The US stock market is going to play a big role, so keeping one eye on SPY.

Note

Note

Hit the top of the falling wedge at 11.8k. What now bitcoin. what now. "It vexes me. I'm so terribly vexed." With Ethereum breaking out and Link pumping it certainly seems like we wont revisit the lowside of the current range. Guess I'll have to wait for the break above 12K to long.

Longshortman

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