ClearOpenDoor

ClearOpenDoor May 30, 2021

1-hr 21 ema support found Targeting the 200 ema at $37,500

ClearOpenDoor May 30, 2021

We've developed some upward momentum again. The target is anywhere between 37-38k.

ClearOpenDoor Updated  May 30, 2021

This is starting to look good. We had a ltf rounded bottom culminating in a bullish engulfing candle on the 4-hour, followed by a sweep all the way below the lows to run the stops. Who run the stops? We run the stops! Now we've shot right back and have closed above the top of the closing range of the previous bullish engulfing candle. A nice-sized bullish...

ClearOpenDoor May 29, 2021

Potential temporary bottom being carved out here Target: $38,150

ClearOpenDoor May 28, 2021

This is an idea I would like to build on over time. It will analyze some potential paths for bitcoin that could be quite likely, given a variety of factors both technical and fundamental. This will focus less on indicators, and more on simple structure. I could use your help as well, if you wish to add to the notes. Firstly, from a monthly perspective this...

ClearOpenDoor May 28, 2021

Target: $34,000

ClearOpenDoor May 27, 2021

I have overlaid bitcoin's previous months' price action from the start of the major fall. To my surprise and dismay the current price action is playing out pretty similar to this fractal. Similarities: Previous falling trend The bounce has been roughly the same height Brutal ltf rejection yesterday Failure to make a higher high today Likely scenario if...

ClearOpenDoor Updated  May 26, 2021

If the next 4-hr closes within the rising wedge, we'll be able to enter a scalp play for a return to the highs of the day.

ClearOpenDoor May 26, 2021

We wedged up from the 37 block yesterday but got rejected extra hard at 40.8k. It was scary enough for me to exit my trade in profit. We've been bouncing around, creeping up again so maybe this gets invalidated. But I'm going to throw an idea out there that involves us falling back down and sweeping yesterday's lows before heading higher again. All I'm...

ClearOpenDoor May 26, 2021

Well? We've gotten rejected by the 200-ema twice now. Is the third time a charm, or do we just keep pivoting back into the 30s? The bulls are in control... sort of

ClearOpenDoor Updated  May 26, 2021

When price closed above that very important purple line yesterday, that was a strong signal to go long. That line represents the weekly close zone from January. Unfortunately I was not able to jump into btc until just now, after it was already almost 40k. I do believe it will head to 45k very quickly now.

ClearOpenDoor May 26, 2021

Price wants $45,000.

ClearOpenDoor May 25, 2021

Are we in the process of staging a reversal here? Have we merely escaped from one down-trend channel to get caught in another, less steep one? Did we get stuck in the Bermuda Triangle? If so will we find our way out of it or go diving for oysters at the bottom of the sea first? Bullish Case: Bullish engulfing daily close yesterday MACD indicates lessening...

ClearOpenDoor May 24, 2021

Looks like we had a short squeeze which made us pop above the weekly close resistance zone at $38,150 from back in early January. How high do you think we can go? Can we hop over the next zone at 42k or will the daily 200 ema act as resistance? The next strong weekly resistance level is just above 45k. I'll be looking to see if we turn 38k into support. We...

ClearOpenDoor May 24, 2021

We had a nice little rally today! Price went about $1,000 or so over the previous projected target. I sold a bit early. Btc's price action has been so harsh lately that I was scared off before my target hit! As expected having 4-hr RSI reach about 50 we are now starting to roll back downwards. If you would like to try out a long, a re-test of the channel we...

ClearOpenDoor Updated  May 23, 2021

As we can see here on the monthly chart, btc dominance has taken a nasty beating this month, but currently looks to be recovering. This recovery has been doubly at the expense of alt coins since it has wrestled back its dominance mainly by falling and shaking everyone out of the more lucrative yet tenuous alt market. In my previous btc.d idea I spoke of a cup...

ClearOpenDoor May 23, 2021

Long bitcoin to the daily resistance zone at $36,700. After that prepare to short again until we drop to the mid-20's. RSI coming out of oversold and should touch 50 before rejecting. The 4-hr 21 ema will also be at that same resistance zone in a few hours. This ema has acted as a good resistance line the whole trip down.

ClearOpenDoor Updated  May 22, 2021

Bullish Case: Good volume Some strong bullish hammer candles Minor consolidation over the past couple days Bearish Case: Continuation of lower highs and lower lows so far Failure of 21 ema to act as support yet Not a fundamentally strong bottom reversal One calculated scenario based on the data: Possible move to 42k then failure and push to lower lows