btcking_ca

btcking_ca

It seems like BTC is establishing a range after the pump yesterday following the CPI data. after a few retracements BTC has finally reversed (for now)- These 3 order blocks are the immediate zones that may act as a support for bullish resumption

btcking_ca

Every week I dedicate the weekend to look back at the entire week and do post mortem analysis on the bigger trades of the week and reflect on the wins, losses, and the missed trades. As described in my last post, I was expecting another leg up before the crash that happened today. However, my indicator flashed a possible reversal short after that giant...

btcking_ca

So in the previous post I proposed a bullish case for BTC price action which workout pretty well True break below 30177.5 will suggests a possibility for a short setup - Given the volume profile of this recent impulsive move I expect a bit more Upside- However I have already closed most of my long position. There is a chance that the market sentiment changes to...

btcking_ca Updated 

The A pivot was broken with volume, the 618 retracement off C is a good entry if we hypothesize that we at least will get a relief rally. This is on the riskier side since the global market sentiment is bearish The volume shows increased interest around the 618 and indecision at the current level (low volume), so this is pretty much a coin flip if we break...

btcking_ca Updated 

a 4hr or a daily candle close below A may indicate a short - The take profit would be 1- 0.5 of A--> C pattern since the market sentiment seems to be turning bullish at least for the next little bit 2- 0.618 of A-->C pattern as the standard retracement 3- 0.786 of A-->C pattern as the Swing failure pattern of the B as zone of high liquidity for whale...