The previous analisys was pointed out a short trade on the weakness of BTCUSD below 9505 .
As i said, the levels showed up in the chart have a big importance in terms of volumes and volatility,
the area from 9500 to 9300-9250 presents a big congestion and should be a way to distribute some contracts and follow the long period downtrend in act.
But, there's the possibility that those levels will tend to spin the price up, making a big pullback with :
-up to 9500, target : 9700
-up to 9700, target : 10000
If i will see this pullback making in act i will consider to review the analisys and the trade's direction, only if the price will violate the big downtrend channel on the daily chart, as the following analisys of a month ago. I post it below.
That's my general map talking about long period.
As you can see in the chart i support my analisys with the HV only to detect a good low risk level to find some momentum signals.
I've drawn an orizontal supportive line which is determining the expected point of an HV mean reversion, to confirm with its increase
the current Short scenario.
As i said, the levels showed up in the chart have a big importance in terms of volumes and volatility,
the area from 9500 to 9300-9250 presents a big congestion and should be a way to distribute some contracts and follow the long period downtrend in act.
But, there's the possibility that those levels will tend to spin the price up, making a big pullback with :
-up to 9500, target : 9700
-up to 9700, target : 10000
If i will see this pullback making in act i will consider to review the analisys and the trade's direction, only if the price will violate the big downtrend channel on the daily chart, as the following analisys of a month ago. I post it below.
That's my general map talking about long period.
As you can see in the chart i support my analisys with the HV only to detect a good low risk level to find some momentum signals.
I've drawn an orizontal supportive line which is determining the expected point of an HV mean reversion, to confirm with its increase
the current Short scenario.
