BTC ... bearish leg coming?

16 may 2018Description in chart ...

30 may 2018

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Maybe a push towards the 8k and if there is no strength that could triggered a movement to the 6k level ... and maybe lower

8 jun 2018

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If the price breaks with strength the 8k Level then the BIAS at least in the short term would be no longer towards the upside, however in the "long term" the perspective is still bearish ... Remember: Is important to coordinate the trends from different time frames

8 jun 2018

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** Towards the downside

11 jun 2018

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So far the price is acting as expected ... so lets see if it can break the 6k level

12 jun 2018

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Expecting a test of the 6k level ... lets see how the price reacts

30 jun 2018

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So far the 6k level "seems" to be holding, however this could be a long trap before a new attack towards the downside ... in any case if you are short with a good location, IMO there is no reason to close the short ... is likely that the downward mometum continues

16 jul 2018

Comentarios

If the price goes above the 7k level, then the BIAS at least in the short term, would be no longer towards the downside ... in other words if you are short from a good location then that would be the place where I get out .... HOWEVER in the "long" term the BIAS is still towards the downside

22 jul 2018

Comentarios

IMO I think that the Longer term trend is towards the downside, however the last part (From the begining of July until now) the price is frame under a corrective movement, so at this moment I would be flat but waiting for another context that gives me a better edge ... you can see some of my thoughts in the related idea