Bitdealer

Bitdealer

Demand is getting weaker. We will see

Bitdealer

Overall this looks like a potential rounding bottom pattern. Price action has been beautiful lately compared to the last few months. Historically 6k has been a well defended area for Bitcoin. Take into consideration that we have also set the first higher low of the year. Alts also seem to have potentially bottomed out. Of course there is no way to tell if they...

Bitdealer

My thoughts on BTC. Currently flat, marked my idea long & short levels on the chart. A pullback to sub 6500 and I'm looking to long. A rally up to 7k and I'm looking to short.

Bitdealer

Here is what I'm seeing.

Bitdealer

We saw similar setup that I have talked about before. A channel strategy looking at failures to reach the other side of the channel, shows a weakening trend. I have been scaling into my long position. If we break 400 support level our last level of hope is 360

Bitdealer

Here is a Volume Profile strategy I use.

Bitdealer

If I think about what would cause the most pain for retail traders the logical move would be to take out 10k. This would create a ton of fomo & lead to retail claiming this as the bull run to new ATH, would complete the wyckoff cycle, & complete Aprils fractal. Tons of traders would get trapped and then price tanks.

Bitdealer

Details on chart.

Bitdealer

Muh boxes.. If we have a pullback I will add to my long near 6550, expecting us to break 6800 resistance. Likely first target is around 7100.

Bitdealer

Longing here & giving a quick lesson on how to use high & low volume nodes with the VPVR. Price will often move from HVN to HVN while blasting through LVNs where there is a low amount of orders/low liquidity. You can use this to find S&R levels and price targets.

Bitdealer

Here are some similarities I'm seeing. We seem to be following exactly what happen in April. If we were to continue this it would take us up to 7.7k-8k and then we would could be expecting another downtrend.

Bitdealer

This is a simply strategy. Once we crossed the 200EMA this is considered an uptrend. I am seeing a lot of similarities with where we are now & where we were in April when we had a run up to 10,000. Things are looking bullish imo

Bitdealer

Use a stop loss accordingly considering it isn't clear where btc is headed

Bitdealer

Simply sitting in no mans land. we are now using the 100 EMA as support which is bullish news. 6800 is still the key resistance level that we need to break if we plan on moving up any higher

Bitdealer

In my opinion we will see a rally back up to the 7200 area before we head back below 6000

Bitdealer

A useful channel technique: spot failures to reach the channel line, usually is a sign of a weakening trend. Notice the price has been driven down to the bottom trend line every time except the last. (5) PA has reacted strongly to these fib channel levels

Bitdealer

Another alt that is hard to pass up at these prices. This looks bottomed out to me, I am scaling into this and will buy lower if I need to

Bitdealer

I am starting to scale into some alts at these levels. BINANCE:ICXBTC being on of them