BTC Daily Technical Analysis: Possible Rebound on S&P 500 & BTC / Bearish Signals on DXY / I Closed 2 Short Positions (APT - DOGE) out of 4 (SOL - ATOM)


Bitcoin hasn't moved yet compared to APT and other alts, I'm still waiting for the big cleanup in the south.

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My 4 shorts are still open, and I just closed the Short APT/USDT while waiting for a good entry point after the shorts have been liquidated.

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I have also just closed the short on the DOGE since we have a few peaks of liquidations in the south and in the north, I have a doubt on a next movement north of the S&P 500 which could bring the DOGE towards $0.15 , but later I will take shorts if the opportunity arises.

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I remain on the Short ATOM position, I hesitate to close it but I see that we have Fomo from the Longs which risk being trapped given all the peaks to the south!

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- Conclusion: The last two open shorts on SOL and ATOM, after closing the shorts on APT and DOGE.

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One of the reasons behind the two shorts I closed is that the Dollar looks like it's gone to seek the 50% fibo at 109.6 in confluence with the bottom of the Ichimuku cloud as support.

The MACD begins to move slowly into the red.

The RSI is already below 50.

Finally, I prefer to wait for the closing to see more clearly the reaction of the price on each level via a pattern of candles!

For the moment we have a bearish Long wick candle (the candle with a long wick above and a small body below) which closes below the support at 110.8!!!

https://www.tradingview.com/x/X52r5kn1/ 

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FreedomBuilder
FreedomBuilder

Crypto investor, trader & holder, looking for to build my freedom with the Blockchain technology.


Trading The King of Crypto
Trading The King of Crypto

Technical analysis of bitcoin and the crypto market. - Cryptos are correlated to BTC. - BTC is correlated to the S&P500 - The S&P500 is the largest US market, it can be called the Bitcoin of the stock market. If we can follow the BTC price action we will be able to follow all the other crypto projects, when to buy and When to sell???

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