Weekly sure looks like the begin of a leg up to at least 8k.

Today's price action looks pretty bearish to me. We had a break of the ascending triangle that every bull was hoping to see it break to the upside. We also broke and closed below yellow support and turned it into resistance twice. This is a no trade zone anyway, I am still short from entry at 6727 and am still expecting a dump to 6200-6300 and even possibly 6100 for a partial close of my short

The following set ups look quite bearish at the moment even after that nice green candle. We actually respectively formed a bearish 4 hour and daily SFP on Bitfinex and Bitmex charts. But I don't see any bearish divergence on RSI yet so I'm staying on the sidelines for now.

As i said it 3 days ago in my Tradingview analysis (see here : https://www.tradingview.com/chart/BTCUSD/ovigzcbh-Market-makers-may-spot-this/), market makers would really profit from pushing price up in order to trigger stop losses above those swing highs. We could really see another move up in "stop losses land", form a bear div and then dump. Let's see how it plays out.

RELEASE THE
IH&S CHARTS

(obviously incomplete, this is not me saying “go long”)

That being said, I am long, too good of a setup and R/R.

Cloud bottom on 4H, let's see if it holds.

In my last market review, I talk about recent price action for Bitcoin, my basic trading setup and how setting my stop loss determines if you should enter a trade or not.

Here is the link :
https://youtu.be/E7osAsfRdj4


If you like the video, please hit the Like/Subscribe button !

Multiple tests on diminishing volume.

Broken, stopped.