BTC Bouncing Bear
The bear is bouncing this weekend.
Targeting c. $3750-3900 partially due to a bounce from the retest around the 3500/600 support level and further compounded by high st traders closing their shorts on Friday.
There is still huge mac-d divergence which needs resolving and potential H&S formation to complete on lower and higher time frames.
Looking to refull shorts at that level A break of 4100 would be bullish and invalidate this trend.
Targeting c. $3750-3900 partially due to a bounce from the retest around the 3500/600 support level and further compounded by high st traders closing their shorts on Friday.
There is still huge mac-d divergence which needs resolving and potential H&S formation to complete on lower and higher time frames.
Looking to refull shorts at that level A break of 4100 would be bullish and invalidate this trend.
Transaction en cours
Note
there may be another opportunity to short at 3850.Trade fermée: ordre d’arrêt atteint
Closed at 3950Posting new idea. this bear is about to be squeezed.
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Publications connexes
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.