BTC Easy decision to be made within 48h
Обновлено
BTC price is in a very strong uptrend channel due to the strong correction that took place past week end.
We shouldn't forget that past correction made a lot of past supports turns into resistances. Price around $2250 (+/- $50) has been an argument between bears and bulls during 1 day and a half between 11 and 12 july.
So for me it's logical that BTC is taking a breath around that price just now.
- For people who are searching for long :
Now let's take a look at what BTC should do to take the road on the bull train to the moon. It should go through that ichimoku cloud around $2280, then break the $2300 round number, then break the downtrend line from ATH of 12 june around $2380. For me it's very unlikely to happen, especially with all the uncertain things happening right now with segwit, BIP 148 etc...
And RSI shows us there's not much room for big buys.
enter LONG if price above $2440.
- For people who are searching for short and price reversal :
Now let's take a look at what kind of top price we can expect to short. This is the toughest part. Price reversal is always the harder to predict.
From my point of view, you should not fear to miss out the bull train right now. It has too many resistances to break as stated before in this analysis. It could go to $2300, even $2400, but it is too likely to dip a little even to test again the $1800 price. So you can begin to short now or $2350 if you feel greedy.
And then, you should wait to see what the price does at $1800 before taking any profit. It may go to $1600, then wait again to see if price reversal is here before taking profit.
enter SHORT just now.
If i've helped you in any way, i'll be glad if you make any donation in bitcoin here : 1566Ni7KBm26nFnRiR5Vc2ibqDZbSL4TYB
We shouldn't forget that past correction made a lot of past supports turns into resistances. Price around $2250 (+/- $50) has been an argument between bears and bulls during 1 day and a half between 11 and 12 july.
So for me it's logical that BTC is taking a breath around that price just now.
- For people who are searching for long :
Now let's take a look at what BTC should do to take the road on the bull train to the moon. It should go through that ichimoku cloud around $2280, then break the $2300 round number, then break the downtrend line from ATH of 12 june around $2380. For me it's very unlikely to happen, especially with all the uncertain things happening right now with segwit, BIP 148 etc...
And RSI shows us there's not much room for big buys.
enter LONG if price above $2440.
- For people who are searching for short and price reversal :
Now let's take a look at what kind of top price we can expect to short. This is the toughest part. Price reversal is always the harder to predict.
From my point of view, you should not fear to miss out the bull train right now. It has too many resistances to break as stated before in this analysis. It could go to $2300, even $2400, but it is too likely to dip a little even to test again the $1800 price. So you can begin to short now or $2350 if you feel greedy.
And then, you should wait to see what the price does at $1800 before taking any profit. It may go to $1600, then wait again to see if price reversal is here before taking profit.
enter SHORT just now.
If i've helped you in any way, i'll be glad if you make any donation in bitcoin here : 1566Ni7KBm26nFnRiR5Vc2ibqDZbSL4TYB
Сделка активна
Ok now I think this is safe to short. As you can see, during the climbing, there's not much BTC has done to build nice support.It's a crazy ride up, and I might be wrong so stop loss is tight at $2440.
Сделка активна
Downtrend still holding. Until we have a clear breakout, the market is likely to go down. Price may try to break it one more time around $2400. So again, stop loss at $2440 stills right.
What seems to occurs is the correction being slightly slower, and volume not going too crazy during the rest of the week. I think next two week are going to be red, but again, not in a crazy way.
Сделка закрыта: достигнута стоп-лосс цена
Close your short, welcome to bull market.
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.