Time for Consolidation Bitcoin
News:
- More articles are being published with positive news in regards to the CBOE ETF.
- A Top 10 Crypto ETF has been filed by Bitwise Asset Management.
Bull Scenario
- Bitcoin pulls back, retests support levels $8100-$7800(this is the near term low)
- Consolidation forms, with a bull flag, around the low
8KS before we get another leg up.
- $8.6-8.8k is a strong resistance area and may take us a week to break through but I'm confident this will be done leading up into the ETF announcement.
Bear Scenario
- Sell volume picks up as we go lower and we break support levels.
- Hidden bear divergence from the lowest time frames up until the 4hr are there.
My Moves
- I opened a long at $7850 and closed at $8050 (Failed to set a stop on this order as I thought it would retrace)
- RSI is showing bear divergence and needs to cool off with Bitcoin bouncing in the low 8ks.
- I plan on opening a Long in the low8KS (Probably $8150. Yes I realize it can go lower but the bulls are in control and I 100% believe we will test 8.8k at some point this week.)
- I'm 100% into BTC until the ETF announcement. Either way I believe that it'll be a "sell the news" event and alts will get crushed.
- BTC Dominance is 47% and I can see it climbing higher as we get close with alts bleeding. I'll be jumping into alts as soon as the dust is settled.
- More articles are being published with positive news in regards to the CBOE ETF.
- A Top 10 Crypto ETF has been filed by Bitwise Asset Management.
Bull Scenario
- Bitcoin pulls back, retests support levels $8100-$7800(this is the near term low)
- Consolidation forms, with a bull flag, around the low
8KS before we get another leg up.- $8.6-8.8k is a strong resistance area and may take us a week to break through but I'm confident this will be done leading up into the ETF announcement.
Bear Scenario
- Sell volume picks up as we go lower and we break support levels.
- Hidden bear divergence from the lowest time frames up until the 4hr are there.
My Moves
- I opened a long at $7850 and closed at $8050 (Failed to set a stop on this order as I thought it would retrace)
- RSI is showing bear divergence and needs to cool off with Bitcoin bouncing in the low 8ks.
- I plan on opening a Long in the low
8KS (Probably $8150. Yes I realize it can go lower but the bulls are in control and I 100% believe we will test 8.8k at some point this week.)- I'm 100% into BTC until the ETF announcement. Either way I believe that it'll be a "sell the news" event and alts will get crushed.
- BTC Dominance is 47% and I can see it climbing higher as we get close with alts bleeding. I'll be jumping into alts as soon as the dust is settled.
การซื้อขายยังคงดำเนินอยู่
Woke up early enough to watch the move down and adjusted my Long Entry to $8055 @5x Leverage. I will scale down up to $7850.
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมที่ ข้อกำหนดการใช้งาน