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IM BACK >=D BTC PREPARING FOR THE NEXT MOVE

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Bearish:
  • Volatility decreasing
  • Volume decreasing
  • Daily Stoch RSI @ 100
  • Red monthly candle (but it has not closed)
  • At the upper 12H BB
  • This looks like Wave B of a corrective ABC wave (please correct me if I am wrong, I am a noob with EW!)


Bullish:
  • Green weekly close
  • Shorts closing, longs opening


Signs of big move:
  • Very tight 12H candles
  • Approaching equilibrium of shorts/longs
  • Confluence of major daily MAs


Overall:
  • If we enter a position, we are gambling. Looking to play the breakout/breakdown OR hedging heavily with a decent stop.
  • ST long entry: 6900 with a target around 7170/7200
  • ST short entry: 6550 with a target around 6200/6150
  • LT: leaning short


Daily analysis:
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Previous analysis (click to open chart and view outcome):
BTCUSD BEARISH SCENARIO

ANOTHER BTC BEARISH SCENARIO

IM BACK >=D BTC IS GOING TO BURN SOON IF BULLS DONT STEP IT UP

[UPDATE] I'm back >=D Another crucial moment for BTCUSD!

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*edited red line

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What did I say? ;)
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Sorry for the late update!
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