Hello dear traders,
Let's keep it simple.
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.
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Đóng lệnh: đạt mục tiêu
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.