BTC1!: Bitcoin Futures Confirms 100 & 200 Day Bear Cross
While remaining neutral-bearish on the BTCUSD charts, BTC1! is looking like a shorting opportunity. There is notably an increase in buying volume over the past week, however the largest volume day was when price was rejected by both the 100 & 200 Day MA simultaneously.
Needless to say, the bear channel resistance is lined up with this MA bear-cross. With the market now closed for the weekend, I'd anticipate some sideways trading while anticipating confirmation of rejection from the bear-cross, ideally between February 5th-11th before breaking down to mid 5K area.
Note, chart posting around the 8K price mark, notably after the close of futures trading at $8,125.
This TA is a follow up from the fractal that didn't occur as expected (time-wise) but did reach it's intended target around $8,500 (price), with the expected outcome remains downside to similar levels :
February 5th-11th 2020 - The Next Swing Low:
Network Hash Gives 10th Buy Signal In 9 Years:
Extrapolating 2014 Correction - Could $6,500 Be The Low?
Two & Four Year MA's Claim It's Time To Accumulate:
Needless to say, the bear channel resistance is lined up with this MA bear-cross. With the market now closed for the weekend, I'd anticipate some sideways trading while anticipating confirmation of rejection from the bear-cross, ideally between February 5th-11th before breaking down to mid 5K area.
Note, chart posting around the 8K price mark, notably after the close of futures trading at $8,125.
This TA is a follow up from the fractal that didn't occur as expected (time-wise) but did reach it's intended target around $8,500 (price), with the expected outcome remains downside to similar levels :
February 5th-11th 2020 - The Next Swing Low:
Network Hash Gives 10th Buy Signal In 9 Years:
Extrapolating 2014 Correction - Could $6,500 Be The Low?
Two & Four Year MA's Claim It's Time To Accumulate:
Đã hủy lệnh
Broke out too soon for the fractal to play out. Unless the Day closes below the MAs, the trade doesn't exist.Ghi chú
Price is now between the 100 & 200 Day MAs, waiting to see if this range will hold:
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Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.