BTC Daily Thoughts BITMEX:XBTUSD
1W. New week started. IMO this week we will see price drop because of the BEAR MARKET trend. seems as on weekly it cannot BREAK the 50 EMA (red line on plotted). my :eyes: are on MCAD (because I think it's forming the Bull TRAP meaning positive HIST will appear but PA will go down).
1D. we couldn't break the 50 EMA on daily (also) so now we see FOMO PA imo...the pump occurred till 3-4 days and now we already head DOWN but FOMO traders and whales mask PA. Stoch RSI wants to curve DOWN. Anyways even if it doesnt play like I think it would in both scenarios VOLUME is KEY (atm can see that volume is low...but we still have the whole day ahead).
12H. same as Daily IMO. Notice how MACD is in positive and Stoch RSI is curving down gives signs that RSI SHOULD go down also.
6H. :eyes: on macd. Notice STOCH RSI is at lower levels and seems as it wants to be pressed to 0 area (like in a major DUMP). RSI curvs DOWN.
3H. ranging around that PA. 50 EMA support is shown well.
1H. short signal 3h ago....This is my scalp sign....RSI and MACD show PA is down but Stoch RSI suggests that RSI rev is possible (hand on the trigger if short)
30 min is trying to get back and break 50 EMA
15 min also tries to break 50 EMA....Stoch RSI needs to cool for proper UP movment.
5min same same
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