Bitcoin - an Overview
1. From a daily view BTC still seems to be very bearish. Right now the current week couldnt even correct the prev. Week by 50%. - so the bear trend is still active (waiting for current week close)
2. The daily Volume is also decreasing from day to day since the low from the 25 January. So we have an decreasing Volume with an increasing price which is also a bearish signal for me.
3. The current uptrend (with decreasing volume) is also slowing down on lower timeframes. (!! but i personally recommend to look on lower timeframes to see the dynamic of the correcntion)
These are the key reasons why im only looking for short entries on a longer timeframe right now!
1. From a daily view BTC still seems to be very bearish. Right now the current week couldnt even correct the prev. Week by 50%. - so the bear trend is still active (waiting for current week close)
2. The daily Volume is also decreasing from day to day since the low from the 25 January. So we have an decreasing Volume with an increasing price which is also a bearish signal for me.
3. The current uptrend (with decreasing volume) is also slowing down on lower timeframes. (!! but i personally recommend to look on lower timeframes to see the dynamic of the correcntion)
These are the key reasons why im only looking for short entries on a longer timeframe right now!
Nota
Decreasing trend strength (1H): Nota
Current Trend (15M):Nota
Of course this is just my personal view of the current market situation and NFA!Operación cerrada: objetivo alcanzado
Closed the position with 15.5% profit.
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.