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#Bitcoin Full Market review :
In this thread I'll go over every interesting TF to make an in-depth market review for $BTC. I'll try to explain for educational purposes what the indicators I use are telling us.
In this thread I'll go over every interesting TF to make an in-depth market review for $BTC. I'll try to explain for educational purposes what the indicators I use are telling us.
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Monthly :
Candle closed but bulls expected a close above 2 important monthly levels to think that we saw our bottom. The bigger the TF, the more reliable. I won't forget that once hype starts to kick in again.
Target in the next few weeks/months : 4300/4700 with bullish OB
Candle closed but bulls expected a close above 2 important monthly levels to think that we saw our bottom. The bigger the TF, the more reliable. I won't forget that once hype starts to kick in again.
Target in the next few weeks/months : 4300/4700 with bullish OB
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Weekly :
Pretty bullish with that beautiful bullish SFP 2 weeks ago. I'll be looking at the weekly bearish OB around 7300-7700
Pretty bullish with that beautiful bullish SFP 2 weeks ago. I'll be looking at the weekly bearish OB around 7300-7700
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Daily :
- Double bullish divergence confirmed
- Checking different levels and zones for future resistance, combining daily levels & OBs with VPVR.
- Watching the Liquidity Void that we have around 7k, we could have a nice rally once we break 6800
- Double bullish divergence confirmed
- Checking different levels and zones for future resistance, combining daily levels & OBs with VPVR.
- Watching the Liquidity Void that we have around 7k, we could have a nice rally once we break 6800
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1HR :
Market structure indicates a reversal with higher highs and higher lows. I'm expecting price to go as low as 6100 around that 0.705 Fib retracement (bottom of Fib is where volume came in) and around that breaker and HVN (high volume node) for the VPVR.
Market structure indicates a reversal with higher highs and higher lows. I'm expecting price to go as low as 6100 around that 0.705 Fib retracement (bottom of Fib is where volume came in) and around that breaker and HVN (high volume node) for the VPVR.
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I really believe that Bitcoin has to wait that market sentiments shifts to bullish before finding its top. People are getting pretty cautious here, I keep on seeing a lot of bearish charts. So taking those highs at 6800 would really be a great accomplishment for bulls and this would actually look bullish and I'm sure you'll start to see flurish a bunch of bullish charts named "6k held", "Bottom is in" etc.
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Once hype kicks in I'll start being really cautious for adding more longs and will try to find a great spot to short.
END OF THREAD
END OF THREAD
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TradingView
Price keeps repeating the same pattern in that bear market for BITFINEX:BTCUSD by CryptoTrendy
Since we entered a bear market, price seems to have the same pattern when it bottoms and bounces.
We can see first that every bounce has been less and less impulsive so if that one we are currently seeing is actually our bounce, this should take more time…
We can see first that every bounce has been less and less impulsive so if that one we are currently seeing is actually our bounce, this should take more time…
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"Market makers may spot this" by trader CryptoTrendy — published July 04, 2018
Bitcoin / U.S. Dollar (BITFINEX:BTCUSD). Get more trading ideas from CryptoTrendy. Follow market experts, get opinions and be heard! Join the largest trading & investing community on the planet.