I will be making a very big effort to really keep my post consistent.
Price is currently at a KEY weekly level which time and time has been respected. To add this level was the level right before we broke down on the 4hrly.
My thought process is that I am seeing a false break above resistance to follow with a double top. The bulls are not strong enough to...
BTC is still to 41k as mentioned a long time ago.
Where we are currently sitting I would take this trade every time. The setup is perfect.
A perfect H&S at key resistance.
I have an entry on the wick. Let us see if we get some follow-through and to the downside.
I am starting to like these rising patterns. I am playing around with it o see how viable it is.
Price is forming a rising pattern which usually suggests a break to the down side.
I have entered and want to see how this plays out. I would prefer to play a break and retest of the bottom trendline but who knows. I could try short into this excitement of a break...
These ascending patterns up to resistance levels often signal some kind of reversal. It could be to start a correction or a complete reversal. My bias is a correction to go higher. I have been calling for 41k for a long time and I can either see BTC fill that wick or go a bit lower to really run people out of the market.
On the flip side, the opposite could occur...
Been trying to play ping pong. We may have had a bear trap and this could be the impulse to the upside to break out and make a new local high. Altenratively, I will be looking to see if we stall at the previous high and I get a reason to go short at $51.5k
Taking longs here from $49700 on the 5-minute pin Bar.. Stops below
Still bearish to 41k.
AS mentioned there has been similar impulses followed by a slow correction to support which followed by an impulse. For me this is the last key level if broken will confirm for more downside.
Entered again after closing out some profits. Price is rejecting here so I have gone short.
Pin Bars neckline of double top
It took me a while to post because I didnt know you had to go higher than 5 minute time frame.
Bitcoin is stuck in a range between 45800 and 49200.
Will it find a direction?
My bias is still to the downside..
Entry is at 49000 but it does resemble a Head and shoulders pattern a lot. I am still gunning for 41k at minimum before we make a new high. It will be healthy.
I close my shorts from earlier after the consolidation and wicks into 46600
Bearish for the short term on BTC. Lets see if I get rekt again :(
DOwn to 41000. I think this is a bounce to go lower. Many H&S on the lower time frames and we need some kind of pull back for a healthy uptrend.
I am not a fan of this coin but trading it is okay.
INTERNATIONAL DOG DAY IS ON THE 26th so in appreciation for our lovely canine friends I will be loading up here in expectation of Elon tweeting something.