Bitcoin (BTC): Hunting For The Top

Updated
Yesterday we didn't expect Bitcoin to go much higher than 9350-9500 ("reversal zone"). The trigger for going short was placed at 9015. Price has indeed stuck in this range without triggering any action. Currently there is no confirmation that a top has been formed as a break above 9550 will suggest higher prices. Still, I'm moving the intraday sell stop order to 9250 area.

P.S.: A nice and smooth reversal did take place in altcoins. Yesterday's Ripple setup: snapshot
And the result: snapshot
Note
Approaching the trigger. Looking for an hourly close below it to short: snapshot
Note
Hovering near the target: snapshot
Note
First target hit.
Note
Price is coiling within emerging Flag pattern. Resistance zones @9150 & 9270. snapshot
Bitcoin (Cryptocurrency)BTCUSDChart PatternscryptonixtradingTrend AnalysisWave Analysis

Сервис: NixService.net
Telegram: t.me/NixTrading
Бот: t.me/NixJunior_bot
Also on:

Related publications

Disclaimer