TradeCobra
Short

The Bears Continue! (BTC)

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hello tradingview world! 🥳 We continue the battle with bitcoin!

10k was the first major rejection level as it played as a key level.
Now 9k seems to be holding well.

I will link previous post below to show you my previous calls on entry.
We took the post 9. 25k with stop at 9.4k

We have now broke below the 9k we many signs of rejection.

We continue to hold and continue to move our stoploss lower in case of a reversal for a takeprofit.

Our entry was based off the Crossover strategy. (Top chart)
When it started to squeeze red I looked for the entry.

Now we can get extra confirmation when we combine it with the ema dots (bottom 3 charts)
We have top 2 firing red now we just need the longer term to fire red as it's the only one still showing a chance of life.

As I've been saying, I'm leaning towards the bears. Hopefully we can get a nice selloff to find a nice bargain deal!
You all have a nice day and be safe out there with your trades!

Take care! 😁

🥇MLT | PRO TRADERS
Comment: Jeez what a slugfest back and forth
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Comments

Excellent analysis. Liked!

I expect price to move slightly up today, supported by RSI (4hr) and CCI (4hr). The analysis is based on 28 technical indicators, on 4hr chart. Do share your thoughts :)

+1 Reply
@Mudrex it seems your analysis comes after it already happened
+1 Reply
Mudrex jexmee2193
@jexmee2193, I think you need to check the analysis again.
+1 Reply
@Mudrex, thank you for the post. Good work!
Reply
@Mudrex, awesome work, keep it up!!
Reply
Looks like it might go back up. What do you think?
+1 Reply
TradeCobra jexmee2193
@jexmee2193, I've already been stopped put for take profit
Reply
Well done..
+1 Reply
TradeCobra JessicaCrumbleyBrooks
@JessicaCrumbleyBrooks, thank you so very much 🥇
Reply
So you bought at 9250 and sold at 9400?
+1 Reply
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