BTC/USD Key things to put into consideration:
1. Price stuck on the HTF at 8600$ - 10380$ range for almost 2 moths & showing signs of distribution, which was hard to spot at first.
2. Multiple attends to break above 10000$ failed.
3. Since 7800$ price was going up - volume down.
4. Sell volume always!! stronger than buying.
5. Multiple untouched levels below 7200$ since Black Swan V-shape recovery.
6. 1W Chart Market Structure still not broken - clear break & retest of 10500$ on HTF will be bullish - but 3 clear fails once again.
7. Looking for test of range lows into opening of Q3 and expansion out of the rage.
8. Traditional Equities all looking toppy - wave 2 of pandemic and BTC will follow everything else.
Targeting 7250$ - would be a lovely area to to open longs.
1. Price stuck on the HTF at 8600$ - 10380$ range for almost 2 moths & showing signs of distribution, which was hard to spot at first.
2. Multiple attends to break above 10000$ failed.
3. Since 7800$ price was going up - volume down.
4. Sell volume always!! stronger than buying.
5. Multiple untouched levels below 7200$ since Black Swan V-shape recovery.
6. 1W Chart Market Structure still not broken - clear break & retest of 10500$ on HTF will be bullish - but 3 clear fails once again.
7. Looking for test of range lows into opening of Q3 and expansion out of the rage.
8. Traditional Equities all looking toppy - wave 2 of pandemic and BTC will follow everything else.
Targeting 7250$ - would be a lovely area to to open longs.
Dagangan aktif
Slowly Grinding down arming new HL's on our way to range low's at 8600$. Idea still valid. Maybe another week of chop.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.