I'm not seeing any signs for a short. The price tested the previous ATH and now it's in a trending channel. I would wait for more confirmation to go long for short-term, but if you have any the chart says you should hold.
CAPITALCOM:BTCCAD
These will rise as the dollar inflates.
Looks like cyrtop is the play as the currency inflates. however precious metals will stay as a good store of value
The end of the consolidation is on the horizon with bitcoin. Will it be green or red? no one knows. But we do know that this lollygagging is coming to an end sooner than later.
This market is very scary and is not for everybody. Please trade at your own risk. think long term and only use money your okay on lossing...
I've been into crypto since the 20K crash and this is very very exciting, don't watch the news, just watch the charts and zoom out. Happy profit everybody and good luck
William Alligator : the crypto is in a bullish position because the candle sticks are above the Teeth, Lips and Jaw. The lines are “eating with an open mouth” and this show that the stock is in a strong uptrend.
MACD : the line is above the signal line, this is a bullish confirmation. Moreover, the green vertical bars indicate that the price is increasing.
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Bearish CAPITALCOM:BTCCAD
Monitoring Bitcoin here. Being weary with the upward wedge for a bearish movement especially with the new resistance of ~60k.
I've placed "Redflags " displaying a bearish Relative Strength Index (RSI) divergence. I'll be looking for confirmation below the "green" trendline indicated by the target sign .
This is where a good exit...
Bollinger Band and volume indicates to short for potential ~5-10% loss. Tesla bought 1.5 billion dollars worth of bitcoin yesterday making it spike in price but don't let all the hype cloud your judgement!
Remember this is my opinion andalways do your research before you buy or sell anything!
Have a great day traders!
KRAKEN
