BTCUSD on a 60-minute chart had been ascending in a channel but now has broken down and
has dropped below the channel support trendline. As to whether it will retest that trendline
which is now resistance remains to be seen. However, the MACD lines are under the zero level
and RSI lines under 50, lends support to a reversal at this time. Volatility is contracting and
price compressing in a symmetrical triangle with the bias bearish at this time.
has dropped below the channel support trendline. As to whether it will retest that trendline
which is now resistance remains to be seen. However, the MACD lines are under the zero level
and RSI lines under 50, lends support to a reversal at this time. Volatility is contracting and
price compressing in a symmetrical triangle with the bias bearish at this time.
Trade active:
In the 5-minute time frame, Bitcoin price attempted to test the support trendline turned into resistance but shorts beat it down before it got there. I am now short
Bitcoin with leverage added to amp the anticipated gains.
Bitcoin with leverage added to amp the anticipated gains.
Trade active:
Bull and bear tug o' war is underway
Comment:
It must be morning time in Western Europe and Bitcoin is wide awake. I am on Hawaii time and it is a bit past bedtime.
Trade active:
Increased volatility and otherwise sideways with increased range.
Trade closed: stop reached:
Bitcoin popped upside in a reversal. I went hard into long BTC, MSTR, RIOT, Cleanspark and HUT and they have profited heavily in the call options short time frame to expiration taken. see those posted ideas.
Comment: