Price came into month swinging high then pulled back which could be the high of the month but right after they showed a big trap move w pattern to fake off the high above the month open which has created a whole range...the bottom side will most likely hold so this current week the low of the week is what is ideal which has already formed below the week open a...
UJ could sell here but I would look for buys
I am looking for sell validations then the sell trap move for long positions
that pull off looks weak (merely market manipulation)
UJ will form a peak sooner or later but not right now
(this analysis is for day trading/spot trading)
managing risk is key!!!
Low of the month has been formed on bitcoin
we can expect this week to be a bull week
also creating a bull bias for next month
(I will repost trap moves entries and targets)
mild drop on EU and pushed higher indicating bulls still have control
demand zone will be key zone for EU depending on how dramatic the move is there it could continue short next week and possibly next month
last week is an indecision week so if this week closes strong bullish, next week will be bullish also possibly causing price to cross over month open closing...
Minor sells in bitcoin today but pushed higher
If demand zone is broken bitcoin should be long rest of month and possibly next month
if price rejects it could continue short
I'm looking for a push high one more time towards 42330 area (spot trading) then I will reevaluate, it could range the rest of this month also
Potential high on monthly cycle
price will continue to drop down to the 97 area
may pull off low of week at that area if not USD will be on a downtrend next week also especially if it breaks the month open
this will affect majors
(Note: every month is a new cycle)
Looking for shorts on bitcoin this week. began month with trap move...I'm anticipating month to stay bearish (below month open)... last week trap move at the high of the week validates a good sell bias for current week until price pulls off end of month trap move to hold the low of the month
just as a confirmation to my last analysis of head and shoulders in the making. its was completed at the end the day, I took profits on the whole down trend.
Currently seeing a head and shoulders forming on 1hr chart. on the daily chart it looks like it wicked to my support zone also so I would expect a push high to complete the head and shoulders . I will be looking for the perfect sell entry on the 30 and 15 min chart after the stop hunt. I believe the daily candle will stay bullish being that price has moved to a...
