Alright Ladies and Gentlemen,
as expected, the bounce from 6.500 $ towards 7.400$ was nothing but just another bull trap.
We had decreasing Volume and an increasing price.
Nothing bullish about that to be quite honest with you.
There were multiple resistances at 7.400$ as you can see (Red downtrend channel).
Right now, we are moving under July's supportline.
A daily close below that one would be pretty bearish.
What do I think will happen in the near future?
I expect BTC to retest the 6.400$ level once again, probably breaking through towards 5.800$ / 5.500$ which proves to be a powerful support.
Once we've reached that level, there are 2 potential outcomes.
1. Given that the support won't hold, BTC might be going for a fast capitulation around 2,5k-3,6k.
2. In case we get a double bottom, BTC might bounce & retest December's resistance around 7.400$.
I would expect the attempted breakthrough to fail, causing a drop towards our capitulation price.
Even though I don't like it, I'm expecting scenario 2 to play out.
Let's see how it goes.
as expected, the bounce from 6.500 $ towards 7.400$ was nothing but just another bull trap.
We had decreasing Volume and an increasing price.
Nothing bullish about that to be quite honest with you.
There were multiple resistances at 7.400$ as you can see (Red downtrend channel).
Right now, we are moving under July's supportline.
A daily close below that one would be pretty bearish.
What do I think will happen in the near future?
I expect BTC to retest the 6.400$ level once again, probably breaking through towards 5.800$ / 5.500$ which proves to be a powerful support.
Once we've reached that level, there are 2 potential outcomes.
1. Given that the support won't hold, BTC might be going for a fast capitulation around 2,5k-3,6k.
2. In case we get a double bottom, BTC might bounce & retest December's resistance around 7.400$.
I would expect the attempted breakthrough to fail, causing a drop towards our capitulation price.
Even though I don't like it, I'm expecting scenario 2 to play out.
Let's see how it goes.
코멘트:
Let's see how this one plays out.
코멘트:
Pretty interesting what's happening right now.
BTC appears to be struggling breaking through 6.900$ (previous support level, confirmed multiple times).
If BTC manages to break through, we might have a H&S Pattern forming here, targeting 6.000$
BTC appears to be struggling breaking through 6.900$ (previous support level, confirmed multiple times).
If BTC manages to break through, we might have a H&S Pattern forming here, targeting 6.000$
코멘트:
Appears there is a bearflag forming right now.
Target for a breakout is around 6.400$.
Target for a breakout is around 6.400$.
코멘트:
IF a breakout to the downside occurs with relatively high volume, I'm going to place a sell order at 6.700$
코멘트:
Attempted breakout, not quite successful though.
Let's wait for the 15 Min Candle to close.
Appears to be that I won't get to sleep today lol, gonna be a tough run.
Let's wait for the 15 Min Candle to close.
Appears to be that I won't get to sleep today lol, gonna be a tough run.
액티브 트레이드:
코멘트:
Had a nice drop overnight and a little bounce at 6.500$.
Appears that BTC will retest 6.5000$ soon.
Appears that BTC will retest 6.5000$ soon.
코멘트:
Gotta love those random pumps.
코멘트:
We might have a textbook bearflag forming on the 1H Chart.
코멘트:
Nothing exciting happening right now.
Just some choppiness inside the bearflag.
Hard to say when exactly we will get our breakdown.
Best thing you can do right now is to watchout for breakdowns around the 6.600$ area.
From a measured move perspective, the bearflag could lead us towards 6.000$
MIGHT be a good opportunity for some new short positions.
Just some choppiness inside the bearflag.
Hard to say when exactly we will get our breakdown.
Best thing you can do right now is to watchout for breakdowns around the 6.600$ area.
From a measured move perspective, the bearflag could lead us towards 6.000$
MIGHT be a good opportunity for some new short positions.
코멘트:
I would give my life for this H & S to play out lol.
코멘트:
Over here in Germany it's beyond bedtime already.
If we have a breakdown happening while I'm sleeping:
You might want to place a sell order as soon as BTC falls through the green support line.
You want to look for a high red volume bar, indicating selling pressure + a 30-60 Minute Candle closing below the green supportline for a high probabilty of moving downwards.
This is no financial advice.
Have a nice day and safe trading!
If we have a breakdown happening while I'm sleeping:
You might want to place a sell order as soon as BTC falls through the green support line.
You want to look for a high red volume bar, indicating selling pressure + a 30-60 Minute Candle closing below the green supportline for a high probabilty of moving downwards.
This is no financial advice.
Have a nice day and safe trading!
거래청산: 타겟 닿음:
Played out as expected.
Also notice how BTC can't manage to close above the yellow support line.
Could be our new resistance now.
Also notice how BTC can't manage to close above the yellow support line.
Could be our new resistance now.
코멘트:
You might want to check out my new idea.
Updates will be found there.
Updates will be found there.
코멘트:
Came up with another Idea, check it out.
코멘트:
New idea is up
