BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BTCUSD update

Funnel : D/H4/M30 (intraday)

As per suspected, bear trap.
The price has reintegrated the daily compression (yellow) without even going through any compression on H4 (which is even more bullish ) and has been stopped by the median zone of this daily compression which is also the last daily top level(pink circle).
In terms of a trading range strategy, the bias is back to bullish on daily.
I foresee a compression on H4 right on the zone of S/R at ~9500 where the price is currently evolving before another potential impulsion wave up to ~9800 or even 10k.

But do not forget that we are back in a range, so the price can do WTF he wants to do.

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Entonnoir : D/H4/M30 (intraday)

Comme suspecté, bear trap.
Le prix a réintégré sa compression daily (jaune) à la hausse sans même passer par une compression en H4 (ce qui est d'autant plus bullish ) et a ensuite été stoppé au niveau de la zone médiane de la compression daily, un niveau qui correspond également au dernier top daily (entouré rose).
Dans le cadre d'une stratégie de range daily, le biais est repassé bullish .
Je prévois une compression H4 au niveau de la zone de S/R des ~9500 où le prix évolue actuellement avant une possible impulsion haussière en direction des ~9800 ou même des 10k.

Ne pas oublier que nous sommes de retour dans un range et que donc le prix peut faire exactement ce qu'il a envie de faire, sans aucune logique.

Comments

"But do not forget that we are back in a range, so the price can do WTF he wants to do." 100% This guy gets it. 8806-10k, that's the box we are in until we break above or below. For now it looks like we are going up again to test, but we can always take a quick trip to test the bottom. A lot is in favor of the bulls, but we need to consolidate above 10k to enter into the bull-run.
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