Bitcoin HTF Analysis

11 ביולי 2018

BTCUSD Chart shows weaker and shorter bounces after peak in Dec '17. Combined with fading volume and low volatility leads me to believe we could see more downward movement. However, I am currently sitting flat and waiting for a better long entry as r/r for a short is not ideal at this level.




^ Here on XBTUSD I have marked my initial target.

I am staggering bids from $5400 to $4800 with hopes to catch a wick down. Should all work out, this is the area I currently plan to build a core long from.