BTC : Short term

It's been a while I haven't posted a chart.

I changed from trader to investor, and I am now currently investing in HPB for the mid term. So I didn't have much time to post trades and signals, as it is very time consuming.


Btc seems to be reversing, however I would be cautious and take note to see if we actually break 6900, which corresponds to the previous support line that became a resistance.
The reason why I don't believe the shorting is over, is because we haven't had a capitulation phase yet.

I'm going to keep it short :
What I would like to see in the following 2 weeks:

- A drop to around 5300

A bull run after that.


Note: Even if this isn't the absolute bot, but we are near the bot, so if you're holding, just keep holding, and if you're buying, maybe wait a bit before buying.
I myself I am holding HPB.

Comment:

BTC stop loss for holders : 4750

If it drops below, our next target is around 2800.

Highly unlikely though

Comment:

Was not very obvious, but it's kind of getting obvious. It's the same pattern over and over, and since the buying power was really weak, it means it's not reversing. We're going to 5300

Comment:

Macd about to cross, double top.
Target around next support 5200-5300

Comment:

Update on BTC:

There's a nice EMA cross happening which is signaling a small bull run/ fakeout ( not sure yet ).

Our job is to adapt to the current market. We could be retesting 7800 soon.