Yes you read that right: Bitcoin to back in the 8000s. Welcome to our first post and larger market review. As you can see, bitcoin has traded down right into a nice local bottom, completing a classic ICT sell model. We can expect a retrace to at least the 0.62 fib level (green box) as well as large gains in the alt market. You will come to learn that I love to short the corn into the ground, but for now, the bulls will take charge for these upcoming months. My overall bias for the market is bullish.
Disclosure: I have long positions on the September futures on Bitmex. I will do scalps on shorter timeframes using the perpetual (XBTUSD) contracts, and I will be posting that analysis here.
Disclosure: I have long positions on the September futures on Bitmex. I will do scalps on shorter timeframes using the perpetual (XBTUSD) contracts, and I will be posting that analysis here.
Comment:
The analysis will be confimed by a break of 7000 and a retest of 6800 confirmig support. Invalidation would occur with lows below 5800.
Comment:
Lmao