BTC Distribution Short

INDEX:BTCUSD60

Bitcoin all time history indexINDEX

Description

⋅ Aug 11, 2022 8:03 PM

Looks pretty good.

If we lose 24k again, beware.

Trade active

⋅ Aug 12, 2022 10:58 AM

Buckle up, people!

Comment

⋅ Aug 13, 2022 6:44 AM

Interesting but I don't think it's invalidated. Above 25.800 I'll reconsider. This is a big nice bearish setup. Invalidation should be really bullish.

Comment

⋅ Aug 14, 2022 4:51 PM

Below 23.500 i'll be more confident about my position. For now, bulls have some hope.

Comment

⋅ Aug 15, 2022 6:35 AM

ETH was supported by daily 15 EMA for a long time. It'll probably be bad for the market to lose that.

Comment

⋅ Aug 15, 2022 10:25 PM

Consolidation slightly below resistance. Tough decision!

Comment

⋅ Aug 19, 2022 6:47 AM

Wyckoff wins, as usual.

Comment

⋅ Aug 22, 2022 10:59 AM

21k is important.

1. Redist. here.
2. test previous support lines(22.000-22.500) and dump.
3. Invalidation, hold above 22.800 for a while.

Comments

UnknownUnicorn17387766

⋅ Aug 14, 2022 11:46 AM

We have some kind of parabolic trend supported by 100 4h EMA. A retest will be interesting.

UnknownUnicorn17387766

⋅ Aug 14, 2022 9:01 AM

3rd test of 25k, 3rd rejection. This is still not a bad UTAD.

UnknownUnicorn17387766

⋅ Aug 13, 2022 6:33 PM

We have price spikes but it's really going nowhere. Alts are holding the market while BTC was showing weakness for days. RSI is declining. It's at a make it or break it point.