On my last vlog I indicated we were in no mans land, broken pattern and I really couldn't make any prediction. A day on, a bit of price action, and the picture is so much clearer.
Price action here has felt very calculated by larger entities, lots of big shorts closing to go long, lots of short liquidation hunting, lots of hunting on both sides. I think this is price action that can capitulate downwards quickly.
But I'm not firm on that opinion and not well researched enough. Thus my bias here is only generally to the downside.
I'm leaning more towards a descending triangle or more neutral kind of triangle or wedge pattern.
I will actively look for a short here if we can touch 37k or 37.5k again.
MY PREDICTION = Sideways at the top, maybe 38k, for 4 to 8 hours, THEN begin moving downwards, maybe 35k.
Shoutout to todays trading view ideas = @jojofang0901, @MMBTtrader
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
2:35 = Interesting price action
9:40 = BTC 1 hour
10:00 = BTC 1min
10:30 = Quick scalp
15:15 = MY PREDICTION
16:40 = @MMBTtrader
17:35 = @jojofang0901
19:30 = Closing words
Price action here has felt very calculated by larger entities, lots of big shorts closing to go long, lots of short liquidation hunting, lots of hunting on both sides. I think this is price action that can capitulate downwards quickly.
But I'm not firm on that opinion and not well researched enough. Thus my bias here is only generally to the downside.
I'm leaning more towards a descending triangle or more neutral kind of triangle or wedge pattern.
I will actively look for a short here if we can touch 37k or 37.5k again.
MY PREDICTION = Sideways at the top, maybe 38k, for 4 to 8 hours, THEN begin moving downwards, maybe 35k.
Shoutout to todays trading view ideas = @jojofang0901, @MMBTtrader
=== TimeStamps ===
0:00 = Welcome
0:30 = BTC 1 day
2:35 = Interesting price action
9:40 = BTC 1 hour
10:00 = BTC 1min
10:30 = Quick scalp
15:15 = MY PREDICTION
16:40 = @MMBTtrader
17:35 = @jojofang0901
19:30 = Closing words
