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shootinshredder
2019年12月26日午前5時38分

Ramen for Christmas... For the BTC bears! ロング

Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX

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Merry Christmas everyone!

As we approach a new year and halvening for BTC I figured it was a good time to make a post on overall picture.

Will we stay bearish forever? Does the trend continue to favor the bears?
Well it does... until it doesn't......

This is mostly a volume analysis on the hourly charts, and after having some consolidation the selloffs appear to be weak by the bears. That could change if supports break but currently looks bullish to me.

I also pointed out with a few of the downward pointing arrows the two false breakouts, and then test of support break with no follow through. RR favors bulls here.

Zoomed out a bit more the whole structure looks to be resembling an inverse head and shoulders as well.

7250, 7500, then eventually 8100 are going to be resistance. 8100 is going to be heavy so I definitely don't expect that to break on first attempt.

Here is a more zoomed out picture of the target zones (red boxes)



Hope everyone enjoys the holidays!

コメント

looks like we had a nice impulse up as called in this idea! Was followed by a fake breakdown/spring, and now looks to be having a nice week long diagonal breakout!

Lets see if this one follows through!

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コメント
OxEconomist
Very clear & precise your analysis. Thanks. I do agree $8.100 at current volumes is gonna be very difficult to pass at first attempt.
shootinshredder
@kenshintani, thank you, yeah it probably won't, all depends on how strong the short squeeze is but def a good area to take some off or hedge
Layne_LV
Merry Christmas!
shootinshredder
@Layne_LV, thanks Layne to you as well!
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