Bitcoin / TetherUSShort
BTC / USDT - a quick retest of lows prior resuming uptrend
Updated
Previous analysis was pretty much spot on - sometimes these anomalies of perfect entries do happen but not so often as one would wish.
Current outlook:
Volume is decreasing
Completed a 5 wave impulse on lower TM (15 min)
Resting on 50 EMA / 20EMA cross pending (4hour)
Resistance zone above us
Pretty tricky to be honest. I would prefer it to visit 0.50 / 0.618 retracement from the previous bottom but it may not come and just continue pumping.
Either way, the current price should be a good place to enter a short with a tight SL above the previous high.
Current outlook:
Volume is decreasing
Completed a 5 wave impulse on lower TM (15 min)
Resting on 50 EMA / 20EMA cross pending (4hour)
Resistance zone above us
Pretty tricky to be honest. I would prefer it to visit 0.50 / 0.618 retracement from the previous bottom but it may not come and just continue pumping.
Either way, the current price should be a good place to enter a short with a tight SL above the previous high.
Note
Lower TM:Note
4hr - MACD about to hit resistance at the 0 level - > typically reverses down when approached from below:On the 15 min - same story.
Note
Man, i knew this was a fakeout but couldn't pull the trigger to short sell more. Oh, well, still let's t try to meet the target.Note
Hm, heavily bought at the 0.382 fib. Will go up a bit and retest resistance. If rejected, then it should go below further, otherwise that was the dip for now.Note
Note
Yep, that was the dip for now. Moved right into previous resistance zone. Should retrace back from here to previous high but seems it wants to go further up:
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