GreaterNinja
Short

Up to ~4k then down to ~$2785 on 4 hour

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
I am just holding my btc , but I think we will see btc/usd goto ~4k (or close), then fall to 3k, test support, then ~2785 and perhaps even test ~$2600 btc .
-4hour stoch rsi is already reaching overbought - 91.6,83.5 (overbought and running out of gas)
-4hour rsi 50.2 (nominal, but approaching overbought levels, closer to overbought than oversold)
-price is below 200 ema
-50/200 ema cross recently which is significantly bearish
-current news is bearish as china has 3 exchanges that have announced they are going to stop trading or even closing for good. How many other chinese exchanges will close? Honestly, I really hate that China pulls these sort of weasel moves.
-support candles on 1 hour, 4 hour, daily are weak in comparisson to other strong support candles. To me this says a good indicator of another correction phase.

-1 hour shows a current bearish t-k cross, but price is well above, so we may see a bullish t-k cross.
-4 hour shows bearish t-k cross.

If you guys are long-term then this would be a good buying opportunity as China will likely say "Oh wait...we have unbanned trading on exchanges." They do this crap all the time.
Fundamentally, blood is on the streets and a wise (long term) investor buys when 80-90% of them are running out.
Honestly, though, I would just buy eth, not btc , because it has higher potential for return and a higher rate of innovation.

The best entry would be when rsi falls below 30 and stoch rsi hits 0,7 or below



-


Comment: well it went to 4k, then back down to 3500, now its at $3800. If you guys entered into this trade then you can consider taking profit and closing out manually or see if it does fall to $2785-$3000. I am thiking
-4 hour stoch rsi says it should fall further, (74.7,75.98)
-4 hour rsi -50.7
-the candles still say btc/usd has weak support on 4 hour.
-
Comment: If it goes to sub $3k range, I plan on buying more btc or eth. Big IF, but the fibs show it can retrace that far.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out