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.

We welcome Joe Zabbs ( @joezabbs ) to @CryptoCharters.

Welcome Joe, happy to see you join us !

Update

All eyes on 6.8k

indeed

1H also points to ~6.8k as a retest of previously broken TL

https://twitter.com/joezabb/status/1019119980972007424
Yesterday closed above the daily pivot which will now be support expect another leg up this week The macro Range is faily large so we could consolidate here for a few days breaking Macro low pivot will be bearish

and broke