Its been a terrible couple days for the markets. Hope yall doing alright, feel free to shoot me a message if you're struggling.
BTC bounced nicely off 30k, that's the most bullish I have seen things since arguably the 5th of may when we were trying to break 59k.
It was a really unconvincing move to 40k, price action was weak and defined more by an absence of selling as opposed to bullish buying.
Once bears got a breather it was straight back to selling.
On short and long time frames I see nothing but bearishness indicating price wants to test lower down.
MY PREDICTION = Test 35k next 8 hours, test 30k over the next 24 to 48 hours.
BTC needs to significantly break the Wyckoff pattern before I can get bullish on it. Correlation is just too strong.
Trading view ideas covered today, shoutouts to: @Stargazer_fx, @Mahtab_Tradia, @TradingShot, @dRends35
==TimeStamps==
0:00 = Heya!
0:30 = BTC update
1:40 = 30k craziness
3:50 = Bullish 30k Bounce
6:55 = Symmetrical Triangle
8:40 = Weak news caused this?
11:00 = Lack of buying interest
12:00 = @Stargazer_fx - where to buy
13:25 = @Mahtab_Tradia - BTC Bearish sideways
18:30 = @TradingShot - major death cross
19:25 = @dRends35 - Wyckoff pattern
BTC bounced nicely off 30k, that's the most bullish I have seen things since arguably the 5th of may when we were trying to break 59k.
It was a really unconvincing move to 40k, price action was weak and defined more by an absence of selling as opposed to bullish buying.
Once bears got a breather it was straight back to selling.
On short and long time frames I see nothing but bearishness indicating price wants to test lower down.
MY PREDICTION = Test 35k next 8 hours, test 30k over the next 24 to 48 hours.
BTC needs to significantly break the Wyckoff pattern before I can get bullish on it. Correlation is just too strong.
Trading view ideas covered today, shoutouts to: @Stargazer_fx, @Mahtab_Tradia, @TradingShot, @dRends35
==TimeStamps==
0:00 = Heya!
0:30 = BTC update
1:40 = 30k craziness
3:50 = Bullish 30k Bounce
6:55 = Symmetrical Triangle
8:40 = Weak news caused this?
11:00 = Lack of buying interest
12:00 = @Stargazer_fx - where to buy
13:25 = @Mahtab_Tradia - BTC Bearish sideways
18:30 = @TradingShot - major death cross
19:25 = @dRends35 - Wyckoff pattern
