Bitcoin trading calls

Quoting Toboso01

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Here is what I am monitoring for Monday: On the daily chart, BTC remains bearish; however, this downward leg has been rejected at $59,000, and the bears are currently struggling to keep the price below $65,000. This raises the question: are the bears weakening, or is the market simply consolidating before the next downward leg? Looking at the daily timeframe, the price action over the last three days has been contained within the range of the June 26 daily candle. This suggests that the bears are losing momentum, while the bulls are successfully...

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Quoting Olu

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Sold the breakout before going to bed after observing the difficulty in continuing the upmove Losses have been recovered. Now as the song goes "How do you solve a problem like bitcoin?" Right now the immediate red line is the issue - 63.8k. If broken then the lunge upwards was an aberration and price could visit 63.4k for another decision time The markets appear moderately risk on {image}

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Quoting Lillywizzy

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So because the market is consolidating, i need a candle closure above or below this dealing range for me to take trades. Any MSS would as well be considered. {image}

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Quoting MaGiix

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hello everyone, hope your all doing well, new week start! bullishness: sell-of move lose strength we started this week with aprox 1.2% higher price as last week close (I am still discovering this phenomena.) neutral: we are compressed against the high of June 7th, if we close above daily, this give us a engulfing candle but at the wrong place. bearishness: sharpe ratio isn't at his lower, price go side way a little bit and have moved down one floor in the upstream channel, Political tensions remain somewhat high for the time being. ETF outputs are...

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Quoting Olu

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{quote} Hi MaGiix, Thanks for your post. This is the reason for forums like this one. Friendly accountability. It forces you to examine yourself as a trader and you are doing that. When anyone has to be accountable to another there is usually a change/caution of behaviour for the better. It is not easy posting losses, even losses back to back like me, Zappa or you and others on this thread. I have uploaded my thoughts on the chart. Please don't hesitate to post your thoughts {image}

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Quoting Olu

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{quote} Hi Lillywizzy, Great eye on things. I also believe bitcoin is consolidating. What are your decision levels like Toboso01 described? My levels are on the chart. The more price stays in the current corridor the stronger the breakout/directional move. {image}

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Quoting Lillywizzy

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{quote} Here are my three ideas basing on the colors Green move will open space for buys, that is with candle closures on 1H and 4H timeframs. Blue move is the current price action with trendline liquidity that will open buy positions if a MSS occurs with a sweep of the TL liquidity. The Red move will of course open sell order with candle closures below. These are just calculated ideas, lets watch and see what price has to offer. {image}

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Quoting Olu

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{quote} Which one are you leaning towards? Do you have cutoff points to react when price gets there?

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Quoting Toboso01

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Here is what I am monitoring for Monday: On the daily chart, BTC remains bearish; however, this downward leg has been rejected at $59,000, and the bears are currently struggling to keep the price below $65,000. This raises the question: are the bears weakening, or is the market simply consolidating before the next downward leg? Looking at the daily timeframe, the price action over the last three days has been contained within the range of the June 26 daily candle. This suggests that the bears are losing momentum, while the bulls are successfully...

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Quoting Toboso01

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{quote} The bulls are actively defending the $64,000 support zone against bearish pressure. Throughout both the Asian and London sessions, sellers were unable to break below this level or drive BTC lower. After a breakout above $64,400 on two strong momentum candles, I entered the trade on the subsequent pullback. As we approach the New York session open, price is once again testing the upper boundary of this range. Keep a close eye on $64,700, which represents the immediate resistance level. The bulls need a decisive break above this area to open...

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Quoting Olu

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{quote} Hi MaGiix, Thanks for your post. This is the reason for forums like this one. Friendly accountability. It forces you to examine yourself as a trader and you are doing that. When anyone has to be accountable to another there is usually a change/caution of behaviour for the better. It is not easy posting losses, even losses back to back like me, Zappa or you and others on this thread. I have uploaded my thoughts on the chart. Please don't hesitate to post your thoughts {image}

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Quoting Toboso01

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{quote} The bulls are actively defending the $64,000 support zone against bearish pressure. Throughout both the Asian and London sessions, sellers were unable to break below this level or drive BTC lower. After a breakout above $64,400 on two strong momentum candles, I entered the trade on the subsequent pullback. As we approach the New York session open, price is once again testing the upper boundary of this range. Keep a close eye on $64,700, which represents the immediate resistance level. The bulls need a decisive break above this area to open...

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Quoting Toboso01

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{quote} Target 1 ($65,500) achieved with momentum. Do the bulls have the strength to reach $66,000?

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