Good sign that you should be longing. Visible on lower time frames like 15 min.
So Assuming we have some resistance at around 6800 which was one of our previous lows in Oct-Dec and a retrace back to 6200-6400 area. We could be forming abcde fractal and take us past 8ks possibly even 9k. I don't expect to see 10k anytime soon.
Now closing above middle support on the four hour. Good time to open long. 7k plausible.
Bullish price action has been very dominant. Likely A retrace to 7k areas. 6.4-6.8k is very important. Lows from the last consolidation period before 10k pump. Hold here, and we're in business.
Bearish pennant formed on the four hour. waiting for a breakout and then opening position.
Flag on the daily. Also could very well be a bottom that we found, but considering the global pandemic we're in. This has most likely a lot more to go.
Closed below the 200 on weekly. And we're not only a financial crisis, but a global health crisis. Take advantage of the ability to short. Some don't have that oppurtunity if they're using a small amount with stocks. We are different. Don't let this f*ck you up.
When this breaks above 50 ma on the hourly we usually see super great pumps. should add some relief to your portfolio this week.
Red boxes highlight what happened when we were this oversold. Pumps 6-10%. If this isn't easy money, then I don't know what is.
Bullish Divergence on the hourly. Oversold AS F*CK!!! Why would you keep shorting? I mean i'll grab your money on the other end of that trade if ya want to 😏
Although, it's not as important as hourly and daily charts when we see it. The fifteen minute chart ( 15 min ) on BTCUSD is going to be having a death cross in just a minute. Usually is a great time for a short to mid term short.
Key area ive highlighted since a while back. Dates back to before the peak of the pump. Short it.
Also, we have dipped below it but quickly recovered. If we break 8460 then we are under. If that becomes resistance after/if we close below. SHORT!
In A Key Area. Don't Expect too much more downside until we can dip below and find resistance in this area.