BITCOIN: DO OR DIE.

20. Aug. 2019

Hello dear traders,

Let's keep it simple.

• Weekly:
  
  a/ Market structure: still intact bullish structure, but indecisive at the moment => No trend.
  b/ RSI: indecisive => No trend.
  c/ MACD: Under Bearish Crossover in positive territory. => Consolidation.
• Daily:
  a/ Market structure: still intact bullish structure, but indecisive at the moment. Breakout of resistance right before monday close. Needs to followthrough asap. => No trend.
  b/ RSI: Indecisive. => No trend.
  c/ MACD : Under bearish crossover. Possible bullish crossover soon. Support needs to hold on price to trigger a bullish crossover. => No trend.
• 4 hour:
  a/ Market structure: Bullish, tagged resistance and got rejected. Currently retracing. Really needs to hold and keep closing above 10450 dollars max to keep going up and trigger a daily play. Monitor a S/R flip. Breakout under the zone triggers a bearish scenario.
  b/ RSI: Indecisive. => No trend.
  c/ MACD : Under bullish crossover. Possible bearish crossover soon. => No trend but monitoring a possible downside trigger.
• Summary & trading plan:
  - 10450 dollars XBTUSD must hold based on closing price to let us swing a bit with a possible target >11k usd.
  - Currently doesnot look great and a retracement look more likely. Low 10k definitely possible.
  
  Still hedged, monitoring carefully. Favoring some downside for this week to be honest. For live updates on btc & alts, and for free trades, follow me on twitter.
  
  Cheers.
  

21. Aug. 2019

Anmerkung

Perfect call of the downside and we are now on the mentioned target of low 10k, congratulations for everybody who plays it with us !

High timeframes can potentially trigger a move to the downside that could lead us to 8k zone. People are not really aware of the cliff we could be on.

Low TF showing some support but i expect the downside to resume. Target is at least a test of 9k5. Considering the number of tests of this zone, and the fact that the bounce it provides are getting weaker and weaker, i dont think this support will hold, letting price swing to 8k zone.

26. Aug. 2019

Trade geschlossen: Ziel wurde erreicht