Bearish divergence on the 1HR timeframe, signs of a pullback?
I was not expecting this at all tbh, after the breakdown from earlier this past week... But Bitcoin pumping always puts me in a good mood, and I am happy to be wrong in this case! These were my LTF levels for this weekend to watch. I am mostly excited about this volume! Hopefully a sign of things to come :)
Nothing to say, but this looks bullish!!! Let's keep these levels and smash the next!!!
Such a good feeling waking up to the market looking bullish :) Perfect bounce off the lower liquidity from 5/19, and looking to test the previous support turned resistance. Most of my assets are in yield farms, but I may look to take a modest 10x long BTC position as this looks like a great setup, with a price target around $37,000.
c o n v e r g e n c e 1/5/15 min support and resistance zones as I feel like day trading today. We will soon get the answer to BTC's next move sometime today/early tomorrow, and I honestly have no clue what's going to happen! I do like that volume is picking up though, as it's a sign to me that it's definitely coming....
Amount of BTC shorted on BITFINEX up ~440% over the weekend.. Cause for concern..?
Visualization of the HnS from my comment on my last BTC chart. Not sold on this idea, but important to watch over the weekend. And now I'm done with looking at charts for the day :)
The head and shoulders pattern from the last chart didn't pan out as BTC failed to break the out from the upper trendline and fell below the 23.6% fib level. Rising support seems to indicate a compression in the price, with the big recovery or next fall seeming to show face in the next two days....