I think that BTC is into a big price congestion between 6500 and 6200, a squeeze above or below those levels will create some directionality! Ichimoku's Kumo is the first target to see a bullish correction above 6800-7000 US dollars.
I think about possible short momentum after the Kumo breakout
Possible bearish momentum for the next sessions
Kumo is a bit far from the price, so if there will be short legs, they'll be fast and deep, cause we're at the top of a probably bullish distribution
Kumo breakout below the first pink static level will trigger a short entry, i don't consider any long but if the ATH levels will be broke, i think about 2900 first , and than we'll see...
Sniffing some opportunities to bet against the "emergin markets"
Simple intraday triggers
Triangling is my new term to define an instrument that's going to distribute volatility, long or short.
As yesterday's rumors on Marchionne,the unique FCA's CEO who had the personality to re-build and re-design a company with a deep loss above 1.5 Billions, staying strong and reaching targets harder and harder. Ferrari IPO, Maserati, and now he was re-launching the italian storical brand of Alfa Romeo, one of the first car firm in the wolrd in terms of quality,...
Following the last analisys , but on a 3 hours timeframe, we're into a trading range which could build up : -a potential bullish continuation: if the price will go strongly above 7500-7600 -a short period bearish distribution, below 7200 with target of last leg's 50%
Take it simple
An objective and technical overview on Bitcoin, the disruptive currency bounced from 20.000 to near 5500 us dollars in the last seven months. In December, i remember many people laughing about their profits, free analisys sharing, everybody was putting of their Wolf of Wall Street best memories, trying to Buy Buy Buy Buy since the margin will be near to zero....