Hi guys
Price is on critical zone and support , 200ma on 3 day, plus +there is a big amounts of shorts , the problem with the shorts is they get funding and there is a big weird stuff with bitfinex premiuns , tether , etc etc.
Chart is bear and yes i believe 95% that 6k is not the botton as i analyzed on my previous log term charts.
But here we are looking for a play in the next hours or days : 2 scenarios > bear trap and pumping ( 6200/6300) , there is a lot of shorts compressed here and big stoploss at 68xx.
The other scenario is giving up and finally broke the structure and hitting 5k or 4780 and then revaluate the market + acumulation , plus traditional markets crashed yesterday so lets see whats up here .
Note if candle closes here alert and be safe markets like bitcoin are iliquid and crazy things could happen.
Whisperer
Price is on critical zone and support , 200ma on 3 day, plus +there is a big amounts of shorts , the problem with the shorts is they get funding and there is a big weird stuff with bitfinex premiuns , tether , etc etc.
Chart is bear and yes i believe 95% that 6k is not the botton as i analyzed on my previous log term charts.
But here we are looking for a play in the next hours or days : 2 scenarios > bear trap and pumping ( 6200/6300) , there is a lot of shorts compressed here and big stoploss at 68xx.
The other scenario is giving up and finally broke the structure and hitting 5k or 4780 and then revaluate the market + acumulation , plus traditional markets crashed yesterday so lets see whats up here .
Note if candle closes here alert and be safe markets like bitcoin are iliquid and crazy things could happen.
Whisperer
Nota
i change chart from bitfinex to coinbase , cause premiun differenceNota
Nota
Looks bad... tomorrrow close 3d chart below 200ma xbt / gdax / bitstampNota
Nota
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.