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

Funnel : D/H4/M30 (intraday)

The daily compression has been broken down by a double signal H4/D. Therefore, the bias is bearish .

The trend on H4 is bearish too with already 2 impulsion waves (white drawing).
However, seeing how this huge wick has been bought back under the zone of S/R at ~9000 does not make me confident with bears. The price will likely enter into a new compression on H4 before going for a 3rd impulsion wave on daily (yellow drawing).
I will short only if we have a compression breakout down on M30 or H4. In this case, next targets should be ~8800 and ~8400.

Take in consideration that if the next compression breakout on H4 breaks by the top, it will probably confirm a reintegration of the daily compression up, which can be considered as pretty bullish .

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Entonnoir : D/H4/M30 (intraday)

La compression daily a finalement cassé par le bas via un double signal H4/D. Notre biais est donc bearish .

La tendance H4 est également bearish avec déjà 2 impulsions (découpage blanc).
Cependant, à voir comment l'énorme mèche a été directement rachetée sous la zone de S/R des ~9000 ne m'inspire pas confiance envers les bears. Le prix va probablement compresser en H4 avant de réaliser une 3ème impulsion daily (découpage jaune).
Je shorterai seulement si on a une compression M30 ou H4 qui casse à la baisse dans les prochaines heures. Dans ce cas, les prochaines targets seraient ~8800 et ~8400.

A prendre en considération que si la prochaine compression H4 casse par le haut, cela marquerait une réintégration de la compression daily à la hausse et donc un move relativement bullish .

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