Bitcoin - an Overview
1. From a daily view BTC still seems to be very bearish. Right now the current week couldnt even correct the prev. Week by 50%. - so the bear trend is still active (waiting for current week close)
2. The daily Volume is also decreasing from day to day since the low from the 25 January. So we have an decreasing Volume with an increasing price which is also a bearish signal for me.
3. The current uptrend (with decreasing volume) is also slowing down on lower timeframes. (!! but i personally recommend to look on lower timeframes to see the dynamic of the correcntion)
These are the key reasons why im only looking for short entries on a longer timeframe right now!
1. From a daily view BTC still seems to be very bearish. Right now the current week couldnt even correct the prev. Week by 50%. - so the bear trend is still active (waiting for current week close)
2. The daily Volume is also decreasing from day to day since the low from the 25 January. So we have an decreasing Volume with an increasing price which is also a bearish signal for me.
3. The current uptrend (with decreasing volume) is also slowing down on lower timeframes. (!! but i personally recommend to look on lower timeframes to see the dynamic of the correcntion)
These are the key reasons why im only looking for short entries on a longer timeframe right now!
Заметка
Decreasing trend strength (1H): Заметка
Current Trend (15M):Заметка
Of course this is just my personal view of the current market situation and NFA!Сделка закрыта: достигнута тейк-профит цена
Closed the position with 15.5% profit.
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Похожие публикации
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.