Bulls are showing strength but we can see that strategy wise long should be already secured.
In case of further up, I watch the chart where it says spike up potential because I think that this is an area that bulls aim for.
The market might also go into deep correction IMO and bulls need to secure the trade even if goes up.
NANP - no advice no promise
The market took a down hit and bulls paid the price for now.
Already afraid to put green icons on the chart but because the bearish scenario and control are all over the place BUT I present the "not so common" scenario IMO.
What are we looking at?
1h chart regular candles.
Indicators need bull activity to print...
I've added possible upper near-term resistance levels in case of further move up.
The start of the week might bring a new force to market.
Possible meaningful pullbacks are also marked with yellow circles.
Trade safe and use SL
NANP - No advice NO promise
A look at the last Hours
Nice 1h EMA cross and good bounce on the shorter TF but question is will it go on or NOT?
I look at the red line but on a larger TF such as this
IF bulls indeed take control we should see a close above the red line and sustain there.
On the pattern scanner...
if BTFNX will test top bb
than bitmex probably follows
if we apply strategy we can see not only possible to test bb top on BTFNX but also IF IF IF pulse is given it will touch the strategy EMA testing it's resistance first and maybe even closing above to FOMO more buyers
low volume - easy manipulation
we must :eyes:...
Take a look at the correlation of tether and BTC
We see that as tether dropped BTC rise
I bet you heard already everybody talk about it
I see a perfect mirror correlation
Also I look at the shorts of btc and what happened to it when price pumped
and we can see that it was a nice short...
BTC Daily THoughts
1w. new week. new horizons. start of the week with the pump to 6800. this move was reletive big and we get double edged heikin ashi candle on the weekly indicating trend is reversing.
3d. another look at the pump move. still didnt...
Take a look at the correlation between SHORTS and BTC PA
Dont listen to trollbox's and such call it a meme
just run a experiment even on 1 min chart to save time and see the concept.
I use BitcoinnMF Strategy to try to forsee where shorts are...
BTC Daily Thoughts
5min. scalp for the brave. waiting for LONG signal. hardcore scalpers enter before. own your own risk.
15min. pump rejected on this TF.
:eyes: STOCH RSI and RSI in a fight as...