If we don't push higher now, we will create bearish Divergence on the bb%.. Stoch RSI also will want to correct soon, and we have a 9 printed on the 4hr also, whilst perhaps printing a lower high within this structure, many things against BTC right now.. Short with a stop at 6600/6620 seems a safe bet to me.. Recording for my own future education
Been a great indicator over the last few months.. expecting a pull back here after the Green 9 comes in, targeting 6750 -6600 area, will see i how well it holds.. recording for my own education
Not confident this trend will hold much longer.. assuming failure 6215 is current target for a small bounce .. (retest 6330, assuming failure) Bulls May still try to retest high of 6650, stops placed just above incase bulls take over.. Recording for my own future education
Not Trading Advice.. personally, i do not see the bulls regaining control and breaking the high of 6650 .. assuming we continue this trend, i believe shorting here with a stop at 6655 is appropriate, looks like we will head up to test the lower high again, however assuming the bearish momentum continues, i see us being rejected and continuing the downtrend from...
After consideration my final target is a modest 6850, at which point unless there are highly leveraged shorts getting liquidated that push us up further, i then expect the bears to attempt to regain control, may get a wick to 7k area but I expect the 1hr/4hr close to be 6850 ..
Just depicting were we could potentially bounce to, daily sell seems exhausted and bounce seems due, however it seemed due before aswell.. assuming lower 'green' trend line holds, i can see a move to 6850, 7100 for short term, I will long if lower trend if it hits, stop loss just below.. to be clear, i expect this to be a short term bounce, and notably there are...
