Current bounce seems a bit off, if it had bounced from the middle thick green line (approx 45k) it was a perfect setup but it didn't and it should. So i am expecting another drop to 45k perhaps even with a fast wick below it to somewhere between 42-45k but i doubt it. This week or next week we'll probably see 45-46k BTC before it bounces hard.
Where is the volume that's backing this drop? If we look at the Weis Volume and Pip waves, while there is obviously change in price this happened with very low amounts of selling pressure.
It's an amazing feat we even had this drop with this relatively incredibly low volume. If/As price goes down the previous high buy volume might start to liquidate their...
With a perhaps final fast push to 30-34k levels a major correction that's been long over due should start to happen.
On the monthly chart we are above our upper lines and in the past in any asset/coin/currency price couldn't have stayed above there. It ALWAYS came back in. That means at the end of this month BTC price shouldn't be higher than 28k while we could...
Weis volume/pip waves shows clear fight between buyers and sellers there is high volume waves but the according pip wave is not justified, some people seem to be filling their bags while some others dump. I'd start slowly laddering in.
After the initial rejection/dump from the 4.236 (purple line) price really seems to be holding great above and never closing below the VIDYA line which shows strength and possible accumulation before the next leg-up which i'm guessing will be around 2.5$
Price closed below the MavilimW indicator signalling a sell, tenkan-sen which supported us all throughout the rally became resistance and recently on the last 4hr candle came back down (also crossed below kijun-sen which is bearish) to become support again combined with the top of the big ichi cloud. this is basically the last fortress before a freefall to 8250 to...
If you believe we will break the 200 EMA, Top of the trend line, Senkouspan B, The Ichimoku Cloud, Top of the Bollinger Band, Continuous bearish pressure and the downtrend.
Go ahead Long ^^
Try to get a good short entry from 7150 to 7350 because we will see the 6.5k again soon.
We will continue the drop to the bottom of the Bollinger bands which coincidentally also the 50 Log-EMA level which should provice some resistance and hopefully we bounce back from there.
If you also long from that point put your SL below the band and the EMA.