IvanLabrie
Long

BTCUSD index: short term buying opportunity

QUANDL:BAVERAGE/USD   BAVERAGE/USD
64 6 5
There is a possible 5 week uptrend setup in the making.
See the analysis on the chart, upside targets are 444.86 and 472.24.
If the setup were to fail to reach these in 5 weeks, bias would be bearish , and would suggest a decline
into the 340.70 as first target, little support below that level.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803). KHL telegram group: https://t.me/joinchat/AAAAAAqHRWYvrLlfpF0StA
IvanLabrie PRO
2 years ago
I'll add a CNY index chart if possible, as well as details from the futures charts as well.
Reply
IvanLabrie PRO
2 years ago
snapshot

Similar outlook.
Reply
IvanLabrie PRO
2 years ago
Additional information can be found here: https://www.okcoin.com/future/market.do?symbol=2
It's worth mentioning that the okcoin futures trading volume has risen considerably, and trading those contracts involves holding BTC, so that is inherently a bullish sign.

https://www.okcoin.com/future/futureTop.do?type=1&symbol=0 - 68% of the positions are long.

Currently around 890.000.000usd worth of futures contracts are open.
Reply
NickCoulby PRO
2 years ago
Great breakdown.
+1 Reply
IvanLabrie PRO
2 years ago
Week 1 showed little directional push to the up side.
We might see a failure on the bullish side this time, shorting opportunities are likely to appear.
I'm keeping my eyes on BTC, but not holding my breath. The recent bearish events on the daily and 4h timeframes may just be part of a more complex sideways correction, so I'm not discarding the possibility of testing higher highs before continuing with the decline.
Reply
IvanLabrie PRO IvanLabrie
2 years ago
Longs completely invalidated, expecting a 3 week decline now.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out