BTCUSDT has formed a stable ranging market, lending a higher degree of predictive power to indicators like squeeze momentum, rsi, macd, and stochastic. I have laid out some potential trades that I can see coming up. The short position I see as less likely (approx. 30%) and the potential downside would be lower since we're bullish on the macro. The long position I'm giving more likelihood to (approx. 70%), and this has more upside potential since the fundamental bullishness supports this move.
This is the typical form of a Bearish flag. But I am interested in probability calculations if you have them.
SoupKitchenManagement
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@markus41, Save your money and buy more tommorow
SoupKitchenManagement
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@markus41, They removed my comment in so short words without the evidence this time bitcoin drops Sunday night statistically, and this bear flag will move to Wykoff phase E
lwils2169
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@markus41, Thanks for the input. Not sure what caused the massive volatility between 23:15 (sep 13) - 00:15 (sep 14) UTC+10. I can also see the possibility of a Wyckoff accumulation here.