做空

BTC/USD: Trade setup for this week

已更新

If you guys are interested in Longs check my chart that I posted 35 days ago which I try to update on the daily. Click the play button on it if you have any doubts :)

BTC/USD: When in Doubt, Zoom out. $12.5k incoming.

This is based on the fundamentals of my original chart, just in 45 min TF view since these areas now will be volatile with the direction of the market.

We need to stay inside the rising wedge to reach our 9350-9400 target.

Careful in these zones. Resistances lies at 9140-9170 if we plow through it we will test 9350-9400 where daily resistance will try to hammer us back down.
If $9350-9400 is taken down that'll be a for sure ticket to retest main downtrend log line which should be within reach of $9970-$10084.

If the rising wedge breaks to the downside we should retrace the base formation of the wedge where we will find support ~8620. If it falls now in the $9100 area we may come down to the mid 8300's. After if support hold this should spring us to our 10k target.

注释

Broke down at $9170 just as expected.
I'll be buying back at 8380-8500. Hourly support lies at $8445.
Quick scalp at $8620.

注释

Found 15 min SMA200 support. Formed somewhat of a downtrend channel, lets see if we can identify a new pattern in the next 2 hours.

注释

New pattern printed. Bear flag is what I can see from it's formation.

注释

Rising wedge broke down just as expected. I'm expecting a divergence in the hourly RSI to build up. First target will be
$8590-8635 buy in for a short term trade sell at $8795 for the risk traders.
If that plays out and $8795 cant be broken then the next target will be $8360-8430. Where I expect a true bounce, it also fits with the retracement price off the base of the wedge.

Stop loss $8225.

注释

Price bounced right at $8630 within our scalp zone and pumped to $8760.

I wont scalp from here on down til It hits my buy orders on my buy zone below.

注释

Bears managed to Print a Bear Flag. Target zone now getting more confirmation. I have 2 entry points in the target zone.
I have bolded the dotted line which is also an extension of the previous pennant breakout shown on the previous charts above in a dotted form. It falls perfectly with the bear flag target.

注释

First Target hit. Possible scenario if it can't take out 8500+

注释

Bigger picture trading channel.

注释

Whoops wrong link from Sunday. Ignore previous update.

注释

First target zone is holding up. RSI on 5 min seems to have room to squeeze out for a break-out. Close attention to this area.

注释

Regardless I see this playing out.

注释

Perrrfect bounce. Now we just need to trade above $8750 to continue upwards continuation.

注释

Forming a Pennant, if we break out upwards we first have one target to beat.
~$8820. That is supported by the flag pole size of the breakout from the falling wedge.

If $8820 is taken out our target will be the size formation of the base of the falling wedge which takes us to $9000 from the wedge breakout. Also supported from the beginning of the flag pole size.

注释

First target zone if we come out of the downtrend channel.

注释

Target hit peeeeerfectly.

Next scalp zone for the risk traders.

注释

Perrrrfect scalp again, price went $5.75 under target buy zone. For now we will be trading withing this channel. Will update on a new pattern print or break of either side.

注释

That was fast.

注释

Breakout of downtrend.

注释

Bearflag printing maybe?

注释

Bear Target in place.

注释

Call me Cryptodamous. Bear Flag target hit perfect. Went $5 under my bounce target.

注释

Next Target. If this fails to reverse we will be visiting the $73-7400's.
Close up view.

Zoomed out.

注释

Target hit perfectly again. Now building a flag, lets watch the breakout direction closely.

注释

Just as I posted on my update on March 26, I personally see the 7400's a reversal zone, although there seems to be a lot of sell pressure and bounces are no where near as strong as they once used to be. If this area fails to hold I will update with a new trading channel that will be unlocked that I've been getting subliminal hints from trends.