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Nothing more than a scalp with very tight SL. 6440-6460 area should be treated as strong resistance.
Looks like I found some important days upcoming. Not always write which one is ETA and which one is EPA. Let's see how this plays out :)
Below is a picture that I left behind as a comment in my last post.
It is currently in progress.
There was some bounce in the circle.
But I think it is pretty weak because it doesn't even touch the 6330 ...
Waiting for confirmation of the pattern here.
Well my last chart was a bust from the word go as we dumped seconds after I published it, just my luck lol. Anyways, bitcoin has printed hourly divergence which is not as nice as 4 hour which is not as nice as daily...hourly divergence is honestly pretty darn weak BUT i think it could be giving us a early warning sign that we are due for a pump. We have reached ...
In around 62-63. Buying dips while bots average down. Expecting bch distribution into btc to give us santa rally.
Ready to Pump, BTC.
Trading and TA have been difficult lately. With big market players such as BitMEX and Bitmain taking sides, the nonsense with BCash (oh irony), and weak market sentiment, making a case for the bullish scenario has been difficult.
Here are two things I'm looking at for the upcoming weeks. I would have loved to see bitcoin break out above 7k but it's clear we aren't ...
The chart shows whats happening here.
We had a little bull run last two weeks, smashed into a Supply zone and price collapsed.
We found some support in the Daily Demand zone.....but got Reject by previous market structure.
We have opened the day retracing towards market structure, but with little volume and no momentum, and have gotten rejected again.
We are ...
Current go long or go short zones
Bitcoin painting divergence on the 15 minute ! haha let's see if we can go up to white line!
Rejection off of the 7/25 MAs. Still waiting for a daily close for confirmation. Looking to be ready to retest the low of 6250. MACD also showing bear cross. A break lower can lead to quick, massive, selling down to 6000 or lower.
Also keeping a close eye on number of shorts open to get an idea of how much momentum they are capturing and what the risk of a short ...
XBT 1d 11-12 ... couldn't keep old one because RSI doesn't play?
RSI bouncing off diag support but looks weak..
I just realized, that 6.5 top touched the border of a big triangle and of the smaller channel. BTC -0.15% feels -4.71% and looks weak at this time. Considering all, now I am thinking, that was THE last top. Meaning we might not have anymore proper bounces until 5k region.
We are still in a downtrend. Seems like mining pools want to desperately keep btc above 6k$, but there is not enought demand to fulfill their desires. We may bounce from the red line and head to 5k$
We got the bearish close I was looking for in the last chart. Still holding onto my short, looking for 6250 area for a cover. Ideally we get a nice heavy wick down below 6250 for a cover. Will evaluate more as we move through today.
Important levels are marked in blue horizontal lines
we are so tight ranged right now , bulls are holding the 6050-6200 area strongly and BEARS are holding the 6500-6800 area strongly , volume is getting thin and thin which is not a good sign though , we will have a volume spike within few the days and move can be either side
1. A daily close above the 21ema ...