Betting on BTC

22 мая 2022 г.

Willing to bet a donut hole that we are going to leave on the upper side. 4h looks slightly bullish, with the triangle exit yet to be determined. We are slowly pushing above kumo cloud , and we haven’t done this since the 4th of May and we failed back then.

So , some things to keep in mind:
- 1 We will exit the current triangle soon with a big move
- Volume is low due to Week end and the formation pattern but after small volume comes .. big volume
- We re slowly pushing above kumo but the last attempt was a fail.
- Possible liquidity grab at 28625

Can’t really project anything more than intraday and that is on altcoins, for BTC we will need to wait tomorrows stock opening . Ah and yes, a word on that. As you may well know we are highly correlated with the main stock indices that are traded and CBOE and NYSE , theerfore we will look at the pre-market momentum and act a bit after the opening in order to eliminate fake moves.

If this chart is right , we will break the triangle around 6 AM tomorrow GMT+2

Fun fact: Weather influences trade decisions , there is a 60% correlation between weather and the stock market, and while it aint much , it’s another «metric « that can help you predict NYSE and CBOE openings.