artgen567

Bitcoin - FOMO Need Short

Short
artgen567 Aggiornato   
BITFINEX:BTCUSD   Bitcoin
Crypto market the full of FOMO now because of:
* XRP rally (start with PNC Bank and soon launch of xRapid)
* VIBE multiple squeeze on last week with x2 gainers
* Confusing BTC outside bar

All of this create many count of FOMO and emotional trades that create a ideal conditions for massive short squeeze.
Waiting retest 6k levels and may be 5800 levels will be touched.

About TA:
* We are near strong resistance 6800
* Ichimoku shows end of the red cloud
* Short-term price action shows active positions selling
Commento:
BTC ready to go to the top border of resistance at 6800-6850
Commento:
Interesting fact about last BTC falls - it happen at 8:00 UTC 4h candle.

Commento:
BTC touch important trendline.
Now it looks like a strong hands. But we need a time to see it.
Because untill this day close 6 hours and many things can happen.

If it goes up - we are a many probabilities for success trades.
If it goes down - buying now we still can take many losses especially on the small currencies.

Commento:
We have a signal and doji candle. Possible moves to the 7000-7200 level.

Commento:
Today I wanna show to you a hidden line of uptrend resistance. That created on last low and we was break it 5 sept. Now this is a mainly resistance line for uptrend channel.

Also you can see that RSI touch resistance level and now moves into rising wedge (reversal pattern).

Commento:
Just show support and resistane of possible formed downtrend channel for next several days.

Commento:
BTC 4h RSI EMA resistance
Commento:

Break this line will mean short-term bullish trend. Reject will mean short-term bearish trend.
Commento:
Price going to retest 6580
Commento:
Time pattern continuation - 4h 8:00 UTC is the most popular time for falling down.
This is the secod chart about this pattern, first chart you can see here above.

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