Xzhi
Long

Chance for move upwards following bart.

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
The bart pattern recently has happened on the BTC chart. As users market sold during the circled area, the assumption is many retail traders were stopped out or entered short, meaning a move above will create liquidity as they have tight stop losses or are prone to being liquidated easily. The shorters will also provide support allowing a further move up.

Hence, you may long. Place stop loss below the low or wherever you deem reasonable.

Just my current thoughts. This is backed by bids that prevent price from reaching previous lows. I have bids there also.
Appreciate the analysis. On Mex, however, it already raided the 10384 high, leaving a long fking wick. Any chance that the short stop hunt has taken place?
+1 Reply
deliciouspodo deliciouspodo
* already
Reply
Xzhi deliciouspodo
@deliciouspodo,

Yeah that was a hunt but data shows many market sells at Bart lows so I was more inclined to be bullish short term.
+1 Reply
@Xzhi, Thank you. You're an underrated wizard. Better than 90% of even the big names on CT.
Probably don't mean much coming from me but whatever :)
Reply
Xzhi deliciouspodo
@deliciouspodo,

Thank you. I really appreciate that comment.
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out