Current price 6460 on 1D red doji
I think this move will happen within the next 2 days.
SHORT TERM TARGETS (I am still building long positions down here whether it goes up or down. Only while we remain above 5800)
im 60% bullish short term
BULLISH 6700-6800-7000
(complete right shoulder H&S then bearish to neckline unless we rip straight to 7k)
Im 40% bearish short term
BEARISH 6150-5800-5650
(bear flag/ Head & shoulders)
Stoploss
6100
6000
5800
(im still bullish even if I get stopped, will be placing stop buys above nearest resistance above previous stop out lines.)
BTC is squeezing here, to put it simply if we cross that first blue arrow without closing a candle above 6600 or touching 6800... I'm voting for the first red arrow to come into play and you may want to short.
So from the first BTC long call, I linked below, I was counting on us to catch on previous market structure like we did in that first blue circle. and we DID that :D thats why we here. BUT as you can see from that first blue circle major dumpage hoping we don't do that here but it is possible to complete a bear flag down to 5800 maybe 5650.
LONG TERM
bullish anywhere above 5800 on weekly, will update if we break 5800 and close weekly below. So far weekly is showing higher lows and we closed a nice looking green doji. very much looking like a rounding bottom with the way volume looks. This is why im building a long position.
If we break 6800 and 7k I think we'll have a pretty nice short squeeze at that point for a reversal
I think this move will happen within the next 2 days.
SHORT TERM TARGETS (I am still building long positions down here whether it goes up or down. Only while we remain above 5800)
im 60% bullish short term
BULLISH 6700-6800-7000
(complete right shoulder H&S then bearish to neckline unless we rip straight to 7k)
Im 40% bearish short term
BEARISH 6150-5800-5650
(bear flag/ Head & shoulders)
Stoploss
6100
6000
5800
(im still bullish even if I get stopped, will be placing stop buys above nearest resistance above previous stop out lines.)
BTC is squeezing here, to put it simply if we cross that first blue arrow without closing a candle above 6600 or touching 6800... I'm voting for the first red arrow to come into play and you may want to short.
So from the first BTC long call, I linked below, I was counting on us to catch on previous market structure like we did in that first blue circle. and we DID that :D thats why we here. BUT as you can see from that first blue circle major dumpage hoping we don't do that here but it is possible to complete a bear flag down to 5800 maybe 5650.
LONG TERM
bullish anywhere above 5800 on weekly, will update if we break 5800 and close weekly below. So far weekly is showing higher lows and we closed a nice looking green doji. very much looking like a rounding bottom with the way volume looks. This is why im building a long position.
If we break 6800 and 7k I think we'll have a pretty nice short squeeze at that point for a reversal
