stikytrading

Saturday Night BTC Report. Consolidation with a probable drop.

Short
COINBASE:BTCUSD   Bitcoin
So, I am trying to use a line chart now instead of candles and wicks. We will see if this is more accurate. Right now BTC is retesting a 50% zone. I think we may see a drop into the zone overnight. There is a level at 52,700 that might work out as a reversal zone. but I would also wait and see if it hits the 200EMA which would be around 49,900. BTC dominance has broken the 8MA up but is still at less than 43%.

I'm trying something different today. I am using bodies not wicks. So I am using a line chart instead of candles for the Fib levels. We will see if that proves to be more accurate. Still working on the daily chart. Right now, price has retested that 50% level and has paused. I think that peak t the left at 52,698.81 is probably going to be tested tonight. This would make a great entry if the blue crosses the orange on the stoch. Pivots isn't working right now so I don't have any info from there. I also found out that the screenshots don't show the values so I am including them on the lines and boxes.

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