BTC/USD : Can't be bearish right now !
Updated
BYBIT:BTCUSD
BTC1!
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
📊 There are two factors that makes me bullish in short-term on #BTC !
- Still moving in a bearish pennant
- CME gap formed on 63K
📌 Have to mention that the bias is bullish on macro view and the current bearish pennant is target the supports below 50K's level !
📚 There will be 2 scenarios :
1st - Break below the pennant,
This could be happen right here or after a retest on the pennant's high.
2nd - Break above the pennant and fill the FVG and CME,
This scenario will be triggered when we reach the high in pennant's range !
So for now; As we holding the pennant we'll be safe and I'll looking for the potential LONGs in short-term on mid-cap ALTs...
🔴 If #BTC get below the pennant, Then we might face a stop-hunt event below the lower 4H's demand.
Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
BTC1!Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
📊 There are two factors that makes me bullish in short-term on #BTC !
- Still moving in a bearish pennant
- CME gap formed on 63K
📌 Have to mention that the bias is bullish on macro view and the current bearish pennant is target the supports below 50K's level !
📚 There will be 2 scenarios :
1st - Break below the pennant,
This could be happen right here or after a retest on the pennant's high.
2nd - Break above the pennant and fill the FVG and CME,
This scenario will be triggered when we reach the high in pennant's range !
So for now; As we holding the pennant we'll be safe and I'll looking for the potential LONGs in short-term on mid-cap ALTs...
🔴 If #BTC get below the pennant, Then we might face a stop-hunt event below the lower 4H's demand.
Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
Note
Miss typing on 4H supply zone ! It's a 4H Demand...
Note
(#BTC_USD - 1H) Helical_Trades
Going to wait for the daily close before I draw any conclusions, but this kind of rejection usually starts a new move and in this case it would be our move to 53k / September high.
Alts that have pushed over the weekend and today will likely make a higher low.
In general, alts will pull back with bitcoin but those that have shown strength before the market pulls back end up putting in a higher low while bitcoin drops to put in a lower low before reversing. This divergence is usually an underlying sign of strength within the alt market.
🔴 Don't forget to join our channels for FREE Premium stuffs !
TELEGRAM :
t.me/Helical_Trades
Instagram ( Persian - فارسی ) :
instagram.com/helical_trades/
TELEGRAM :
t.me/Helical_Trades
Instagram ( Persian - فارسی ) :
instagram.com/helical_trades/
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.