If we want a higher for btc this need to happen!?(Critical level
What’s up guys? Good morning I am using the bit stamp chart today. This charts, a little bit more accurate and I’m starting to understand that myself as a trader using spot with the USD pair to bitcoin make a bit more easier than with perpetual contract charts.
Let me mention that I am still long from $39,000 and $61,800 from two different accounts and short from $73,400 on my BingX With full transparency.
In order for us to see higher on bitcoin we need to hold the point of control being $67,000-$66,000. I am getting bearish sentiments right now at this moment with the 90 minute putting in some bearish divergences With higher price action , lower momentum waves, and money flow trending to the downside and as well as some of the local time frames are giving me this sentiment. Even if the 2 day has money flow trending into the downside, even if we do have a green dot printing. My hope is for the daily to continue higher and not start rejecting this level and putting in lower momentum waves as well with the VWAP coming down. Not willing to short the point of control, but it is not a bad idea to start looking into it because it could simply be a lower low on the macro time frame. Personally
I would like to short the value area high being at $73,000-$71,500. In my opinion, this is a critical level right now at this moment to know if we are going to continue higher or dump from this point now.
Let me mention that I am still long from $39,000 and $61,800 from two different accounts and short from $73,400 on my BingX With full transparency.
In order for us to see higher on bitcoin we need to hold the point of control being $67,000-$66,000. I am getting bearish sentiments right now at this moment with the 90 minute putting in some bearish divergences With higher price action , lower momentum waves, and money flow trending to the downside and as well as some of the local time frames are giving me this sentiment. Even if the 2 day has money flow trending into the downside, even if we do have a green dot printing. My hope is for the daily to continue higher and not start rejecting this level and putting in lower momentum waves as well with the VWAP coming down. Not willing to short the point of control, but it is not a bad idea to start looking into it because it could simply be a lower low on the macro time frame. Personally
I would like to short the value area high being at $73,000-$71,500. In my opinion, this is a critical level right now at this moment to know if we are going to continue higher or dump from this point now.