BTCUSD Repeating patterns ratios and time
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Chart shows 2 relief rallies that have failed at .382, double topping on declining volume - 64 dollar question is will it repeat for 3rd time?
If BTCUSD is around double top area on the 14th 15th or 16th April then I would be adding short. (time cycles). Conversely I'd be looking at a swing bottom around the 16th if we push lower
Until then will look for short term selling patterns
Still no reason to be a buyer of BTC. Very much a bearish chart still. Advancing Volume on the upside break is the key to watch for, with price trading over 8500. Personally I don't buy break outs, would wait for a bullish gartley to buy.
If BTCUSD is around double top area on the 14th 15th or 16th April then I would be adding short. (time cycles). Conversely I'd be looking at a swing bottom around the 16th if we push lower
Until then will look for short term selling patterns
Still no reason to be a buyer of BTC. Very much a bearish chart still. Advancing Volume on the upside break is the key to watch for, with price trading over 8500. Personally I don't buy break outs, would wait for a bullish gartley to buy.
Anmerkung
Trade ist aktiv
Short @8440can see there was a very nice AB=CD to confirm .382 entry.
will see if there are more buyers than sellers in the next few days
-Holds above 8650 8700 will look to re-purchase btc to hodl
Holds above 8500, next area of interest short 1.272 /.618, or maybe higher towards 10571 /10664 (1.618 .786) depending of harmonics / patterns
Trade ist aktiv
took a little off the the table at 7870 7820 area held, so not yet looking like obvious bullish accumulation. if the forming abcd structure completes at under 7600 and reverses, long could be the play. Depending on structure could be a 222, so would need to reverse long.
price back inside the high vol bull bar on the 18th march (240), much lower volume
Trade geschlossen: Stop wurde erreicht
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