Ubuntufoo

Bitcoin short term bias

BITMEX:XBTUSD.P   Bitcoin

Ignore the coinbase layout above to the right, did not intend to include.

BTC looks weak/neutral on the macro level, Ethereum holding strong. and ETH/BTC looks primed to launch. A bounce for BTC may be the catalyst to send ETH on its merry way to new ATH.

Expecting a relief bounce for BTC in the week ahead. Either a continuation of this LTF breakout of falling wedge, or a fake-out sweep lower into daily demand around 44-45k to activate the markets before we bounce. 53k is high-confluence of resistance and where I'll cut all positions to reevaluate.

If another macro leg down is coming, as I expect, then the relief bounce will be small, the 60k area seems unlikely; why allow the trapped longs up there an easy out? Flip 63k and I'll be macro bull again.

I'm new to publishing and think perhaps my published charts are too busy, if anyone bothers viewing and wants to give some feedback on presentation or analysis, please do.
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.