CCharts

Crypto/Forex Trader || TA & Charts || Personal Opinions & Analysis || AI/Depin

[CCharts @CameronChartz]

$BTC

Before getting bullish we really need to see the slow bleed stop

What we want to see is structure beginning to shift to the upside. Simple higher highs and higher lows

Until we get that it is more likely that we trade downwards for now

[CCharts @CameronChartz]

We could go up, we could go down.

Be prepared accordingly for either

[CCharts @CameronChartz]

$BTC Update

Before this morning BTC was printing some price action hinting towards a reversal.

As of this morning the short term reversal looks to be invalidated as we trade lower into the zone.

I'm leaning towards the belief that we are forming a bottom slowly

[CCharts @CameronChartz]

However, an aggressive break past this zone on a higher time frame close could suggest more downside and invalidate this short term bottom formation.

$BTC is simply a waiting game at the moment. Follow the charts and be willing to shift your bias based on price action

[CCharts @CameronChartz]

Should we lube our assholes or would you like to do it for us?

This country is so fucked

[CCharts @CameronChartz]

$BTC

Beginning to like the price action here on lower timeframes

A strong push & close above 64k could usher in the start of a bullish move upwards

If we do see that, a close above 68.9k would turn me short/medium term bullish again

Anything below is still no man’s land

[CCharts @CameronChartz]

And that can include switching your bias based on what a chart is printing

[CCharts @CameronChartz]

I see a lot of people on Twitter get mad when accounts change opinions

“YOU WERE BULLISH YESTERDAY THOUGH”

Guys this is trading

Things happens fast and to be a good trader your outlook on the market has to be fluid and adaptable, especially in short to medium term

[CCharts @CameronChartz]

A lot of people confuse the short term with the long term

Things can look absolutely horrid short term and utterly outstanding long term

Once again this is simply being a good trader. You react to what the markets give you. Sometimes it’s not what you want

[CCharts @CameronChartz]

Still bullish until price determines otherwise

But goddamn it is depressing looking at the current charts

Only briefly checking Twitter and charts at this moment to keep my mental healthy in this period

Forex will be traded until better crypto conditions arise

[Trader Koala @trader_koala]

Study accounts that were bearish before capitulation

Study accounts that bought capitulation

Study accounts that didn't call for ATH's after capitulation

[CCharts @CameronChartz]

@blockchainedbb is a great example of a trader who you should be listening to during this time

Not an influencer screaming, "up only", or coming up with wild unsubstantiated theories

Chart analysis and objective takes only at this moment

[CCharts @CameronChartz]

@mustyasshole It's possible, need to see how price action pans out here. If we can close about 68.9k i'll be a little more inclined to think we head higher in the short term

[CCharts @CameronChartz]

$BTC Update Pt1:

Twitter is an absolute mess of mixed opinions right now. If you are not experienced, i would lean to listening to the advice of those with proven trading experience.

Although fun to get behind, influencers who shout UP, UP, HIGHER,

[CCharts @CameronChartz]

In the short term a close about this level here would be very bullish and extremely releiving to see

Right now we are really in no mans land. I wouldn't touch leverage at the moment

[CCharts @CameronChartz]

I ask that you all stay objective at this time and once again listen to people with trading experience as they are less likely to pump you with hopium

I am bullish but i am also wary and understand that we could be in for a rocky time.

Right now we simply react

[CCharts @CameronChartz]

Scenario #3

This is the absolute worst case, but it IS possible.

We could break 60k, make an attempt to reclaim and get rejected. A rejection at this level on the weekly would be bad news for BTC.

We could see a very extended correction if that occurs

[CCharts @CameronChartz]

Scenario #2

We trickle down to 60k and break below

The break will be met with alot of buying and large green candles, only to break back into the original range and head higher

[CCharts @CameronChartz]

It's better to listen to those who are able to analyze a chart and give an objective take.

I currently see 3 scenarios at the moment for $BTC. I have no bias, and am only reacting to price

Scenario #1

We bounce from here. Either retesting 60 or stopping here

[CCharts @CameronChartz]

$BTC

On the bullish side of things, this is ideally what i would want to see.

If something like this plays out i will be switching back to a bullish thesis.

Lets see what happens