Weekly Void getting filled into premium prices. Smart money looks for discounted prices.
BTC can easily range/pump throughout the weeks but lower levels into the weekly order block seems very likely.
Looking for a long term play to the top of the range. Green box looks like a good place to accumulate. Strong reaction in price below the stop run.
Everyone is trying to buy the ultimate bottom and force a reversal but price action is telling a clear story. Now, I wouldn't be trading this asset if I wasn't bullish long term, but let's not kid ourselves right now.
Bought the dip. Expecting $BTC to hit the swing high of May 20, 2018 (~8600) and potentially the next fib level (~8970). NOTE: Buy the dip on an uptrend, sell the highs on a downtrend.
Just closed my shorts and will start to build longs around these levels. This seems like a Wyckoff Spring setup so I'm expecting an upside for June. First sign of weakness, I will switch back to short.
When everyone expects the same result from $BTC it usually does one thing—the complete opposite. Potential 2:1 trade opportunity here before bigly LONG.
Not sure how much juice AMZN has left in it but it seems to be forming a parabola. I'm currently neutral, no position, just watching for a SHORT opportunity. What can i say, I just love shorting overvalued assets.
Bearish divergence in the oscillator and prices have been extended way above the 50 and 200EMA without retracements. Volume is also low. Expecting a retracement to test support levels. Alternative scenario: a miraculous pump into the green box before correction (seems like a lower probability). I'm net short and will be scaling up if prices continue to go up...
If daily 200EMA continues to be resistance, I wouldn't be surprised with a fall into the green box (~7500). Pay attention to how prices react above 8800.
I see a bearish divergence in the oscillator but I say we hit ~10400 sometime this month.
2:1 RRR Opportunity if BTC holds the 50 day EMA (~8280). Target: ~8700. Please trade at your own risk. I have been net short since ~10k and will not be closing my position until the chart shows a clear bullish trend. Good luck and happy trading!
Update: Seems like we have minor clearance on both ends. We are currently sitting on a fib support. If an uptrend to 11k holds, we shoot up to the red box. If we break the fib support, down we go into the green box. Waiting for final confirmation to build a position.
A trend reversal isn't fully confirmed until the short term moving averages cross over the long term moving averages & the degree of separation between the two have widened. More chop ahead.