BitcoinLong
Market Sentiment 100 TA reviewed, where to expect reversal?
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Reviewed 100 TA for shorting BTC dated within the last one week
Numbers are rounded for simplification
Top 10 traders reviewed first because of their influence
Purpose:
To identify areas where a possible reversal could be more likely
Observation:
There are more bearish TA than bullish ones, yet the vast majority expect that to be temporary and bulls market likely to continue.
Data:
LVL Numbers of times Expected
800 2
2000 2
2500 2
4200 2
2800 2
3500 3
1800 4
2600 5
4000 9
3200 12
3800 14
3400 20
3600 24
3000 37
Impression
Most likely expected levels of support/reversal are from 3000 to 3600 as indicated by the numbers above.
More than 88 % predict reversal above 3000 and 36% called the bottom already at 3800.
3000 3400 and 3600 should be strong levels to watch for reversal / support
As per our previous analysis, price correction continue and ranging action is more likely
Action
use candle patterns and indicators to identify reversal signs
Best of luck everyone
My stratis Address
SVFjyUBjkpytNmnKGKsPEHECHkV9NwWmLF
Numbers are rounded for simplification
Top 10 traders reviewed first because of their influence
Purpose:
To identify areas where a possible reversal could be more likely
Observation:
There are more bearish TA than bullish ones, yet the vast majority expect that to be temporary and bulls market likely to continue.
Data:
LVL Numbers of times Expected
800 2
2000 2
2500 2
4200 2
2800 2
3500 3
1800 4
2600 5
4000 9
3200 12
3800 14
3400 20
3600 24
3000 37
Impression
Most likely expected levels of support/reversal are from 3000 to 3600 as indicated by the numbers above.
More than 88 % predict reversal above 3000 and 36% called the bottom already at 3800.
3000 3400 and 3600 should be strong levels to watch for reversal / support
As per our previous analysis, price correction continue and ranging action is more likely
Action
use candle patterns and indicators to identify reversal signs
Best of luck everyone
My stratis Address
SVFjyUBjkpytNmnKGKsPEHECHkV9NwWmLF
Note
Fall momentum is highNext break will be applied around 3600 , look for reversal
Note
Expected very strong partial breaks to be applied Note
Break No 2 , over sold on 3 indicators Note
Buyers Stepping in No clear signal yet
Note
Bulls stepped in at 3000 and set that level as support 2 strong buyer bars on the 4 hours chart
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