Short

IM BACK >=D BTC PREPARING FOR THE NEXT MOVE

Updated

Bearish:

Volatility decreasing
Volume decreasing
Daily Stoch RSI @ 100
Red monthly candle (but it has not closed)
At the upper 12H BB
This looks like Wave B of a corrective ABC wave (please correct me if I am wrong, I am a noob with EW!)

Bullish:

Green weekly close
Shorts closing, longs opening

Signs of big move:

Very tight 12H candles
Approaching equilibrium of shorts/longs
Confluence of major daily MAs

Overall:

If we enter a position, we are gambling. Looking to play the breakout/breakdown OR hedging heavily with a decent stop.
ST long entry: 6900 with a target around 7170/7200
ST short entry: 6550 with a target around 6200/6150
LT: leaning short

Daily analysis:

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Previous analysis (click to open chart and view outcome):

BTCUSD BEARISH SCENARIO

ANOTHER BTC BEARISH SCENARIO

IM BACK >=D BTC IS GOING TO BURN SOON IF BULLS DONT STEP IT UP

[UPDATE] I'm back >=D Another crucial moment for BTCUSD!

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*edited red line

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What did I say? ;)

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Sorry for the late update!

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