Bitcoin made a nice start to the week bouncing off support.
Im not convinced that this is 'the bounce' and think we have further to go towards cost of production and the 5k range.
Over excited bulls may be punished if there is not enough steam o back them up.
Beware of rallys on reducing voluyme and any bearish divergence on hourly timeframes!
One final failed attempt off the local lows to c. 8k would set up the final drop for me and will be a great buying opportunity IMO.
Good luck.
filbfilb
Im not convinced that this is 'the bounce' and think we have further to go towards cost of production and the 5k range.
Over excited bulls may be punished if there is not enough steam o back them up.
Beware of rallys on reducing voluyme and any bearish divergence on hourly timeframes!
One final failed attempt off the local lows to c. 8k would set up the final drop for me and will be a great buying opportunity IMO.
Good luck.
filbfilb
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Please ignore the above comment i may have been misled.
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well woud you believe it
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That volume profile...
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keep an eye on this
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Hey Traders.
This is what im looking for today:
Looks like a temporary bottom has formed with bull div on low timeframes.
The target from this bottom would be the order block around 7k - 7.1k where i will look to re enter a short trade.
This is what im looking for today:
Looks like a temporary bottom has formed with bull div on low timeframes.
The target from this bottom would be the order block around 7k - 7.1k where i will look to re enter a short trade.
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Follow on Twitter @filbfilb
When above 60 it represents a short trade opportunity.