Bitcoin
Viés de baixa

Selling opportunity in Bitcoin?

Atualizado
I don't know if the price will go up or down. But I think buying now in areas of multiple resistances is a bit risky.

Any divergence in either the MFI or the RSI indicating buying exhaustion, I believe it is a good time to sell. As happened on July 28th.

snapshot
Trade ativo
Stables coins dominance signaling a bear trap.

snapshot
snapshot
Nota
MicroStrategy in resistance zone.
Many consider this stock a proxy for Bitcoin.
The correlation on the weekly chart is at a point where it tends to increase (periods from July to September).
In addition, the price is at the top of a long rising channel, threatening to break above and then turn back down in a symmetrical triangle on the daily chart.

snapshot
snapshot
snapshot
snapshot
snapshot
Nota
USDT, USDC and DAI dominance index (together).

We have a possible false breakout of the bearish trendline in dollar dominance.

If this falsehood comes true, USD dominance falls, and so Bitcoin rises.

On the other hand, if there is indeed a breakout above and dominance rises, BTC falls further.

snapshot
snapshot
snapshot
Trade fechado: objetivo atingido
Wait for the next entry.
snapshot
Trade ativo
Next target: 59k
snapshot
Nota
The price needs to respect wave 1 to continue rising.
snapshot
Nota
Bullish divergence
snapshot
Nota
VIX: people are scared...
snapshot
Trade fechado: stop atingido
Partial target hit, operation cancelled.
Nota
Will the party end early or will we still have an extension if the same bullish leg of wave 3 repeats?
snapshot
Trade ativo
Bear divergence on Money Flow Index, also with rejected resistance in RSI.
snapshot
snapshot

Targets:
$ 62,875
$ 61,074
$ 57,229
$ 53,376
$ 48,725

Bear divergence on Money Flow Index, also with rejected resistance in RSI.
Can be only a pullback to continue rising? I don't know.
snapshot
Nota
Pullback scenario:

snapshot
Nota
⏳ Waiting...

snapshot
Ordem cancelada
The scenario in this chart is out of date.
Bitcoin (Cryptocurrency)BTCUSDBTCUSDTDivergencedivergencesMFIOscillatorsRelative Strength Index (RSI)shorttradeSupport and ResistanceTrend Lines

To contribute to my work:
⚡Bitcoin Lightning: forwardocean64@walletofsatoshi.com
🟠Bitcoin: bc1qv0j28wjsg6l8fdkphkmgfz4f55xpph893q0pdh
🔵PayPal: paypal.com/donate/?hosted_button_id=D9KRKY5HMSL9S
Também em:

Aviso legal