BTC USDT 4 H NEXT MOVMENST
In my mind bitcoin will be range in 68k - 60 box at list until hawing
and i think if we go to upside of that box next movement will be bearish
and if we just rang in 60k to 63k i think we have a small bullish movement to 80-85 k then we see the retracement of monthly bullish wave
thank you
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Previous Analysis:
US30 is BEARISH. With US30 performing a text-book Break and re-test of the area of price structure ranging between $38,050 - $37,900. Its at the area of price structure that the Market has to demonstrate price rejection to continue my "BEARISH" bias.
Current Analysis:
US30 demonstrates very strong price rejection with "BEARISH" price action...
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Eurusd,
Traders:
Buy set up from this area.
Stop loss under bottom (1.05995).
Potential target is 100pip at 1.072
Keep safe your capital.
Have a great trading day
The larger timescale (4HR) has a bullish wave reaching up to 68000 but the bearish WW in smaller timeframe goes back to 62k before going up..
Well given all the negativity, I would go short first
BITSTAMP:BTCUSD lets be "Neutral" for a second and look at whats going on in the 10H chart. There has been 2 breakout attempts, one almost made it with a resistance turned support retest and bounce near 69k but then failed miserably.
On the bearish side we had, 4 bounce off the support BUT it seem that its possible the 5th time will be the charm.
The trading...
Let’s short this thing now and let’s ride down. From technical perspective it’s very simple, but mostly it’s around fundamentals and political pressure and uncertainty
It is possible that we are making a larger wolfewave , we are nearing point 4 that means a impulse wave up to supply zone need to happen.. that can take us to ATH near 80k and shortly after that dump to near 50k
