As per my original idea I got filled for my short!!
I was expecting a Bearish divergence to be printed but seeing nothing on rsi so far, will check other indicators, there are div printed on 3hr & smaller timeframes once we have them on HTF like 12H & 6H i will be more confident till then take profit at every 100-400$ drop
for now keeping an eye on this H&S...
Longer term view. This is a likely top area unless if we break out, which would signal a new bull run, particularly if we set a higher high than 10100. Otherwise, seems likely we retest the support areas of the XBTUSD triangle. Mid 6k's might form an inverted head and shoulders, otherwise, low 5k's are a possibility. Expect downturn in June and July unless if the...
I wanted to publish the idea but being Busy lately wasn't able to, I did share the short trade on telegram & we have been able to catch almost the top :D
for now, I feel we can retest 99xx levels, if you see good rejection then you can enter short position & ride it till the last leg
you can also use Leverage on Bitmex or bybit to multiply your profits but...
I published this idea last week & my whole idea was we should see at least 10761 -
however, after that BEARISH weekly close, we just had, my priority shifted to short & trying to get the best entry possible, I apologize I haven't been able to publish this idea sooner but I did share my trade setups on Telegram.
if you are still not in any position I expect a...
Wait for retracement test/support confirmation.
It just broke 2 bullish pattern at once:
1. Invert Head n Shoulders
2. Ascending Triangle
We may start pumping to face triple resistance i talked in
So many Bullish news coming
Binance US
Bakkt
FA:
i don't think this effect Bitcoin price because institutional don't buy at 3X price.
With Binance Us and we can see upward movements just because we lost too much volume and volatility because of US ban.
TA:
Here comes probability not certainty..
1)Closing above Falling Wedge line and Bollinger band both...
If we now look at the current Daily candle bearish reversal. Upon closure of this candle it will confirm even further the perfect Daily 78.6% retracement holding up solid. Not to mention its also the key resistance level...
Just know the final -61.8% Fib extension aligns...with $8,300...
COINBASE:BTCUSD
Self Explanatory BITMEX:XBTUSD Chart
Moving Averages, That confirm the qualified support and resistance trend lines
If this trend test fails to break above resistance, the likelihood of the support holding drops significantly, this will create a high probability of a price drop
Swing Trade - position trade
Look how its working
BTCUSD moving in falling wedge - reversal pattern. Stoch RSI - oversold. Target - red line ( the bigest volume) indicator Visible Range
Little bit different charts Bitfinex and Bitmex
This is signal for Bitmex;)
