BitcoinShort
Right Shoulder.....4hr
Looks like we have a possible H&S Pattern playing out.
Bull Scenario
- RSI is still doing good after the hidden bull div earlier.
- MACD has completed the Bull crossover, still waiting for the daily to cross.
- If the bulls can clear the $6850 zone and hold, then it's likely we can see a retest of 7k.
Bear Scenario
- Bulls fail to break through the zone previously mentioned.
- We retest 6k again and this time I don't think it'll hold since it's been such a short period of time.
What I'm doing
- Scaling into a short position from $6650 - $6900. The orders are bigger as the $$$ increases.
Upcoming News
- ProShares ETF deadline is Aug 23rd. (Futures Based)
- CBOE ETF news Sept 30th.
Bull Scenario
- RSI is still doing good after the hidden bull div earlier.
- MACD has completed the Bull crossover, still waiting for the daily to cross.
- If the bulls can clear the $6850 zone and hold, then it's likely we can see a retest of 7k.
Bear Scenario
- Bulls fail to break through the zone previously mentioned.
- We retest 6k again and this time I don't think it'll hold since it's been such a short period of time.
What I'm doing
- Scaling into a short position from $6650 - $6900. The orders are bigger as the $$$ increases.
Upcoming News
- ProShares ETF deadline is Aug 23rd. (Futures Based)
- CBOE ETF news Sept 30th.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.