BTCUSDT | 1H | Heikin Ashi Candles | Battlefield Theme
We have temporary bullish support since yesterday, 08 Sept, 1600 est.
BTC has some big hurdles to break through. A resistance that BTC has been trying to break but was rejected on seven attempts since 06 Sept.
Background Intel:
Bears called in Air support to the Pink MA(99) which is came down to help out. A hard battle ensued yesterday, 09 Sept, 1700 est. in which, bulls were overpowered dropping $BTC from 6400 down to $6214.
RSI: Bulilish
MACD: Neutral
Volume: Bearish
Upcoming Battle:
Bulls rallied some back up and joined forces with Blue MA(25) 2 hours ago. They have some forward momentum building up in an attempt to attack the Pink MA(99) first. If they can get through that resistance force, hopefully they will have enough supply to push through the hard resistance line of defense that the bears have set up. This will put BTC above 6400. Then Bulls will need to establish support, setting up campground, tend to the wounded, resupply around $6400. Bulls will look to keep moving to their next target.
So far, we have 15 mins left in this battle and the candles keeps changing back and forth from green to red. Seems the bears are winning as volume is breaking down. We will see how this plays out.
BTC has some big hurdles to break through. A resistance that BTC has been trying to break but was rejected on seven attempts since 06 Sept.
Background Intel:
Bears called in Air support to the Pink MA(99) which is came down to help out. A hard battle ensued yesterday, 09 Sept, 1700 est. in which, bulls were overpowered dropping $BTC from 6400 down to $6214.
RSI: Bulilish
MACD: Neutral
Volume: Bearish
Upcoming Battle:
Bulls rallied some back up and joined forces with Blue MA(25) 2 hours ago. They have some forward momentum building up in an attempt to attack the Pink MA(99) first. If they can get through that resistance force, hopefully they will have enough supply to push through the hard resistance line of defense that the bears have set up. This will put BTC above 6400. Then Bulls will need to establish support, setting up campground, tend to the wounded, resupply around $6400. Bulls will look to keep moving to their next target.
So far, we have 15 mins left in this battle and the candles keeps changing back and forth from green to red. Seems the bears are winning as volume is breaking down. We will see how this plays out.
Trade active:
Bullish green candle forming on the 1HR. Bulls marching forward against the bears currently. They are still moving along the path of support. If this momemtum keeps going, the bulls are looking to catch up to the Blue MA ground support and then launch an all out assault against the bears at the Pink MA resistance area.
FYI: i'm in a BTC position.
FYI: i'm in a BTC position.
Trade active:
Still active in this trade all day. rare as of late Since I switched from a failed HODLer to a day trader but..Bulls have been trying their hardest to maintain their fighting position at their base support since 1200hrs est.
Bulls have rallied up some more troops and steadily marching toward bears territory.
It'll be tough to breach as bears have 2 major defenses up. Their air support (Pink MA) is still in the area and a strong resistance wall that's been well built since 06 Sept.
I'm still bullish right now as BTC is moving up the channel on the 5 Min chart using the Blue MA as back up support and Pink MA Air support following close behind. Bears defenses are weak.
Bulls have rallied up some more troops and steadily marching toward bears territory.
It'll be tough to breach as bears have 2 major defenses up. Their air support (Pink MA) is still in the area and a strong resistance wall that's been well built since 06 Sept.
Trade active:
Look at them bulls with an all out assault on Bears territory. Establish a camp ground, resupply, tend to the wounded and push to the next target. Pink MA breached, 06 Sept Resistance breached. Told yall Bears defenses weak on the 5 Min. I'm still staying in the trade. I'm looking to sell between $6600-6700 If Bulls have the firepower to do so.
Trade active:
Important Battle today between the Bulls and Bears.
Key notes: Both bulls and bears are holding their fighting positions strong through every attack. We are coming up on a cross roads between the two on the 1HR where one force will prevail.
Be careful trading and set stop losses if you're a day trader. We should at least go back to $6340 on another bull attempt to breach bears major defensive wall.
My uneducated guess is, Bulls will pull through on this one but whether they hold and turn that resistance into support, I don't know.
We need the Yellow MA to breach through Blue MA & Pink MA and hold in order to be Bullish. Thanks
Key notes: Both bulls and bears are holding their fighting positions strong through every attack. We are coming up on a cross roads between the two on the 1HR where one force will prevail.
Be careful trading and set stop losses if you're a day trader. We should at least go back to $6340 on another bull attempt to breach bears major defensive wall.
My uneducated guess is, Bulls will pull through on this one but whether they hold and turn that resistance into support, I don't know.
We need the Yellow MA to breach through Blue MA & Pink MA and hold in order to be Bullish. Thanks
Trade active:
Bulls rallied together to penetrate through bears defenses. Yellow Ma will likely retrace, regroup and pick up back up support from blue MA that's now crosses through Pink MA. Together they will attack bears next defenses that they retreated too.
Trade closed manually:
After 4 rejections, Bulls overran bears campground and are marching towards their next target $6541 where the bulls were rejected twice back on 06 Sept. I closed my position and will reenter later. Might move on back to EOS, VET, ICX where ROI is higher.
Comment:
Bulls have been marching on Bears all day Blowing up 1 of their outposts a 0500, 13 Sept. They proceed forward to their next outpost spending the rest of the day trying to destroy that 2nd outpost eventually taking it over around 2200, 13 Sept. Not even stopping for a resupply, the Bulls felt confident enough to overrun the Bears Main Compound but ran into a major issue. They confronted an army of Bears Armed with Fully automatic Weapons and Grenade Launchers. Bulls fell back and retreated back to their Compound. They set up shop at the bears destroyed outpost and are now running into resistance at an outpost they previously taken over.
If they can manage to take control there around $6540, They will need some massive firepower to move on to the Bears Compound ($6585) for an all out assault.
This mission will be hard to accomplish as the Bears have defended this area since 06 Sept. We will see how this plays out. If bears win this round, Look to see another drop in price. Good luck
If they can manage to take control there around $6540, They will need some massive firepower to move on to the Bears Compound ($6585) for an all out assault.
This mission will be hard to accomplish as the Bears have defended this area since 06 Sept. We will see how this plays out. If bears win this round, Look to see another drop in price. Good luck
Comment:
Bulls got their butts whipped yesterday but have regained control. Theres some static going on at $6392.58. 3 attemps to bust through that resistance. If the bulls can't bust through, it'll correct back to the Blue MA where bulls will need to call for reinforcements, resupply and try again.
Comment:
failed to break through. Correction is ongoing. Bears established defense now.
Comment:
Bulls broke support and are retreating slowly to $6200 support range. Bears are defending their outpost easyt so far. No hard attempts to breach $6392.
Comment:
Broke through resistance and now Bulls are using it as suport.
Bulls moving in an upward channel but Price is at the top of the channel so either it will break through or correct down to sub $6300 range which seems more likely to me.
RSI is reaching overbught range
MACD is already overbought.
Trade safe
Bulls moving in an upward channel but Price is at the top of the channel so either it will break through or correct down to sub $6300 range which seems more likely to me.
RSI is reaching overbught range
MACD is already overbought.
Trade safe
The Bulls left the Blue MA(25) ground support to get slaughtered by the bears. So wrong. They rallied them up to break through Pink MA(99) and now they left them. Bulls need to gain some confidence and push back up to and above the Blue MA and fight again.
Overall sentiment:
RSI: Bearish
MACD: Bearish
Vol: Low
MA: Bearish- Yellow MA bounced off the Blue MA