Bitcoin has been moving up alot since it's dip at 6k. We are now approaching the top of the large wedge Bitcoin has been in for weeks, we got 5 green 4H candles in a row! We can also see the 4H 2H RSI are getting pretty high, so a moderatly large correction is bound to happen. It's pretty simple when you look at the chart. I see only 3 things happening: 1) We...
We are (were!) now in consolidation mode, Bitcoin bounced beautifully on the 0.382 fibo level at 7550$ (7535 5$ under the level to be precise), and now an inside candle formed on the 1H TF and is breaking throught as I am writing this. The 1HR RSI which was at 70 nearly overbought cooled off and dropped to close to 40 so we are ready to go up again but I would be...
Alot of people are waiting for the daily candle to close before confirmation, we are almost there. We bounced so hard off 100% retracement, I can't say 100% if the correction is over, but for now we are going up. I bought at 6900 only, it didn't go as low as I thought and I needed to sleep. We had good news from the SEC and CFTC meeting with Senators in the...
It's all explained in the chart. I think the probability of 5600-6000 being hit is very high. I'm going to wait for confirmation, no need to rush. I'll try placing sell orders right under the 7500ish resistance (with a stop loss right above that) and add to my position once we start bleeding (below 7000).