Here we see bitcoin dipping back into the support area. Pay close attention for a push to the bottom of the support box or a pump to push it back out the top. Should make for an interesting weekend. Happy trades.
This could be a bullish sign with a pump coming soon. Price is staying above median and slightly turning up. Opening a small long to see how it plays out.
Pay attention to what happens when we hit the TL... If we break it we will test the channel as a new support... If we can't break it... T spot is my target for a massive short.
Don't curr long hurrrr.... This is how I'm setting up my trade for the day.... When I start the short it will probably be small lots and just trying to hedge in case this really takes off into the 8k's.
You can clearly see it forming right in front of our eyes. Don't miss out.
Bitcoin is due to come down. The 4hr char is showing a nice rise and leveling out. The AO looks to be turning read and heading back down.
As you can see with the red arrows... AO is crossed over and dropping. The other red arrow... Showing wide BB and crossing the MA to the south... Most likely going to drop out the blue box (daily support).
Bitcoin is still looking mighty bearish. I do believe all we are seeing is people trying to prop the market up to enter some nice short positions.
Check out the chaikin. We will probably see a nice bump above 8k for bitcoin coming soon. VERY SOON.
Bitcoin broke all resistance/support levels on this run down. This indicates we will see more, bigger and more violent drops down. Target right now is somewhere between $5k-$6k.
Cough. Cough. Looky here. Bitcoin done did the diddily and got dribbily just like I predidicdibly predicted. Yeup. My ultimate target right now is 6k.
My new motto has become set it and forget it for my shorts.
Welp that's it. Bitcoin should go down for a bit as it just broke the temp trendline set up from this initial pump.
The most powerful tool you have with bitcoin is a trend line. Stick to them and let them guide you. It will always bounce or fall through.
Lots of things in play here. I'm pretty bearish on the whole situation going into the summer.