XBTUSD on the highway to ......?BITMEX:XBTUSD We just double bottomed and bounced back up and are now consolidating with bearish intent. I'm guessing this is just an opportunity to trick the normies into thinking that the bull run is starting. We literally ripped through huge sell walls to get back to the 4k zone which gives a sense of false hope for those who are wishful. Unfortunately for some, I do personally think this is bull trap that will be sending us back down to new lows.
I will most likely be shorting this market after we break through to the top - after being over sold or ride the breakout to the bottom. BITFINEX:BTCUSD
Orderflowtrading
ETHUSD Key Price TargetConsider the Data Difference between the first 15m of this Tradingview H4 Candle + Other Exchanges / Charts.
Price Trading below the 200 Hour EMA
Printing our 5th bearish H1 Candle as of right now
Order Book seems "balanced"
Expecting further profit taking to occur as investors move Cryptocurrency into Fiat Dollars with G7/G20 upcoming
If you like unbiased Trading perspectives follow along and learn :)
BTC Daily MomentumConsidering the 3x Big Bearish Candlesticks are eating up the Demand from April 12 2018 I expect a touch of 7000 to occur
From current price that is 850 Pips on leverage DOWN
If we experience consolidation, or an accumulation of orders above 7250 then we may see a bullish continuation
The move we would look for is down to 7200 by New York Session Thursday May 24 BUT it could happen in the Asian or London Markets too.
Considering our new TradingView H4 Candlestick for Bitfinex will open on BTCUSD at 20:00 UTC and there is quite a long wick + supply finding demand at lower price points let's see how quickly we hit the safe tp of 7330
Remember the risks of trading! You are responsible for your own actions :)
I am in a short position at 7500 and as of right now the orderbook on GDAX is stacked at 7500/7600 with low supply above &* who knows, price could always retrace back to 7700 lol