BTC undecision before a potential push
Difficult to predict for now and best way is to stay away until the situation is more clear.
but if u are like me and hodl BTC u shouldn't care much, just have to find the best moment to charge more the bag.
its not easy to compare Shorters Vs Buyers. i will just tell you what i can see and what happened before to try predict the future.
When BTC reached 8200ish, Shorts went down as you can see a long red dip column.
After that Shorts started to go up again but Longs were stronger so BTC continued is push to 9000ish.
Few days ago we saw that BTC dipped to 7600ish area and Shorts pushed up.
So right now we can see that BTC Pushed a bit back up to 7800ish area but Shorts are almost down and ready for a next push up.
What it means ? if Shorts Dip down and BTC go up a just bit.. its not really good because when they will attack to push up again BTC will down again. so it sound like we are still in a correction.
i know that is a bit complicated but to make it Simple u just have to look 3EMA ( Red 200D, Orange 100D, Green 50D)
if you see shorts breaking up this 3 EMAS its not good and it could mean that we will go down more, but for not they got rejected and fall.
Now the interesting Areas are on EMA50 and EMA100. Where BTC can get a Strong Bounce from 7000ish area, if it pass down EMA50, would mean have to wait 6000ish Area to bounce back from EMA100.
The next bounce should push BTC around 9200.
For the long term nothing to worry, this analyse is just based on 1D Timeframe.
Happy Tr4Ding !
but if u are like me and hodl BTC u shouldn't care much, just have to find the best moment to charge more the bag.
its not easy to compare Shorters Vs Buyers. i will just tell you what i can see and what happened before to try predict the future.
When BTC reached 8200ish, Shorts went down as you can see a long red dip column.
After that Shorts started to go up again but Longs were stronger so BTC continued is push to 9000ish.
Few days ago we saw that BTC dipped to 7600ish area and Shorts pushed up.
So right now we can see that BTC Pushed a bit back up to 7800ish area but Shorts are almost down and ready for a next push up.
What it means ? if Shorts Dip down and BTC go up a just bit.. its not really good because when they will attack to push up again BTC will down again. so it sound like we are still in a correction.
i know that is a bit complicated but to make it Simple u just have to look 3EMA ( Red 200D, Orange 100D, Green 50D)
if you see shorts breaking up this 3 EMAS its not good and it could mean that we will go down more, but for not they got rejected and fall.
Now the interesting Areas are on EMA50 and EMA100. Where BTC can get a Strong Bounce from 7000ish area, if it pass down EMA50, would mean have to wait 6000ish Area to bounce back from EMA100.
The next bounce should push BTC around 9200.
For the long term nothing to worry, this analyse is just based on 1D Timeframe.
Happy Tr4Ding !
Looks like we gonna get a next push to 9k+.