#BTC / USD Decision Time!

COINBASE:BTCUSD   Bitcoin / U.S. Dollar

With sentiment being divided, it is best to react to price movement rather than trying to predict. A bilateral formation is being painted on the charts. Hidden bear divergence is dropping off which means we may see a true breakout if we break upwards. However, the bull divergence is also dropping off which keeps me in a neutral position. Bull target is 8350, a bear target is 7500 zone.

Also of note, futures contracts will be expiring soon which might play a key factor in market sentiment as we continue to move sideways.
Mar 28
Trade active: Collecting longs along the trendline with tight stops. Average entry ~ 7760
Decision already made. 3.5k is the bottom.
doolieuber samiswilf
@samiswilf, I'm betting on 5k being the absolute lowest, but i agree that the decision down was made as soon as that support broke
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out