TradingView
Valeriia_Top
May 11, 2020 6:09 AM

BTC/USD - Was the $10k peak of this up trend? Short

Bitcoin / U.S. dollarBitstamp

Description

Wide Range with borders of $1,100 and $8,100.
Exit from these borders will mean the continuation of the movement. There is a variant of false breakage of 10 000$ (schematically drawn below, a couple more variants of movement).
The fall stopped at the Fibonacci level of 0.23 (for me, the tip is that the next level of testing is 0.38 around $7000.
I'm looking more at the closing of the GEPA which has formed on the LME exchange (growth).
The $1,100 gap may be in the next 3-4 days. Since I think we'll be back there soon.
Was $10,000 the peak of this up trend or not, it's too early to tell.

The GEP is on the CME Exchange.




False breakdown of $10,000:


Longist-kicking:



A $10,000 pressure level:


It's not a real movement but it's a meta being too:



My macro look at BTC:

Comment

update

Trade active

update

Comment

deal is active

Comment

More