Bitcoin Week nr. 15

8 kwi 2020

Bitcoin forming a MS continuation pattern. It broke the Montly level at 7160 and has now retested the level as support.

1. Level as resistance
2. Breakthrough
3. Daily close above
4. Wicks below but still daily closes above the level.

If the level holds likely more upside with first target 7700-7800 region.

8 kwi 2020

Uwaga

The Montly level

8 kwi 2020

Uwaga

8 kwi 2020

Uwaga

Intermediate support by the 21ema 4h (blue)

8 kwi 2020

Uwaga

Last range found support on the Monthly VWAP, this range is still above Weekly VWAP. Flipped it as S/R through out the range.

9 kwi 2020

Uwaga

Range

9 kwi 2020

Uwaga

7430 high
7160 low

Which side will give in first?

10 kwi 2020

Uwaga

Setup invalidated with that push below 7160.
Now looking at the 21 DEMA

11 kwi 2020

Uwaga

Thinking about a scalp long here, if the dip gets bought back up. Going to play some order reversal. Been playing mostly shorts in this range on the Monthly VWAP and 200ema 5min. Because we are at the bottom of range and at the W-open and D support levels thinking about a long.

11 kwi 2020

Zlecenie aktywne

T1 hit, mid range

11 kwi 2020

Uwaga

D-open providing resistance, stop moved below mid range

13 kwi 2020

Uwaga

Couldn't have been any clearer

13 kwi 2020

Uwaga

Expecting 6500

15 kwi 2020

Uwaga

Taking a short here, unable to close above range high. Targeting mid range