BITCOIN DECISION POINT
Basically #bitcoin is on the edge of a make or break situation
There are strong arguments for both bullish and bearish sides
My setup:
Closed all longs before 9k (a little bit early but i have reasons for that)
Shorted 9.1k but very small amount than my longs
Want to see price holds strong above $7.670 as my key level, better to be higher like 8,1k
If 7.670 lost even for 1 usd, i'll sell all my spot positions on any pullback cause that means for me 6.4k was not the bottom
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My main problem is the lack of fiat flow into the market since 2017:
This chart shows me there is a serious downtrend on fiat money inflow to the market which is essential for a new bull market
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I also want to show you a range i call "the problem zone":
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This is a range between 9-11k approximately. You can easily find it by looking the huge sfp candle November 29th of 2017. This range was important even during the crazy run.
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At last i want to add my long-term range. I guess this one is the most important one:
There are strong arguments for both bullish and bearish sides
My setup:
Closed all longs before 9k (a little bit early but i have reasons for that)
Shorted 9.1k but very small amount than my longs
Want to see price holds strong above $7.670 as my key level, better to be higher like 8,1k
If 7.670 lost even for 1 usd, i'll sell all my spot positions on any pullback cause that means for me 6.4k was not the bottom
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
My main problem is the lack of fiat flow into the market since 2017:
This chart shows me there is a serious downtrend on fiat money inflow to the market which is essential for a new bull market
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
I also want to show you a range i call "the problem zone":
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
This is a range between 9-11k approximately. You can easily find it by looking the huge sfp candle November 29th of 2017. This range was important even during the crazy run.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
At last i want to add my long-term range. I guess this one is the most important one:
I believe trading is a dynamic organism, and dont folow static plans. So i try to measure momentum and trade level by level. My trading setups are trad-able only in my style. I do not advise you to follow my trades, but only see a different perspective
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.
I believe trading is a dynamic organism, and dont folow static plans. So i try to measure momentum and trade level by level. My trading setups are trad-able only in my style. I do not advise you to follow my trades, but only see a different perspective
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.