$BTC Intraday August 23rd 15m - I'm sticking to the analysis I posted a few hours ago (https://t.co/DcgN34AFe3)
Despite the "news" it doesn't look like the buy volume is quite there to spook me out of my shorts.
Regardless, I do have a tight stop if things change.
$BTC Intraday August 23rd 1h - No major moves yet. The trading range EQ has been acting as support.
A close above August 21s highs and the .5 daily fib would invalid my potential short set up.
I'm not convinced we have seen the bottom.
$BTC Intraday August 23rd 1h - 3 out of 4 of my asks have been filled on the last wick.
There will most likely be another attempt at this area though. I'm hoping to get the last ask filled.
The buy volume was fairly weak on the 15m candle as well.
$BTC Intraday August 23rd 1h - I'm starting to think my 4th and final ask will not be filled.
Each attempt at the range high has been getting weaker in terms of buy volume.
Don't forget about the hidden buy wall at 6,300 on Finex. It may or may not still be there.
$BTC - Goodnight sweet prince.
Hidden wall at 6.3 filled/pulled. I'm on the lookout for more walls.
6240 was the logical area to bounce, let's see how long it lasts.
$BTC 1D - Range high was broken yesterday as you can see.
Each daily (not counting yesterday) has not been able to retest the previous day's highs.
I don't believe the $250m of Bitcoin absorbed was to gear up for a massive pump.
Range lows taken out next.
$BTC - Hidden wall at 6.4k bought up or pulled and price fell very quickly to 6.3k where the other wall is.
1.3k BTC was absorbed at the next hidden wall.
$BTC - It looks like the hidden wall at 6.4k is still there. Another ~1.4k BTC has been absorbed on Bitfinex.
When the walls at 6.4k and 6.3k are removed, #BTC is going to fall very quickly.
The safest position you can be in right now is sitting out. There will be PLENTY of other, more clear set ups.
Protecting your capital is more important than trading with uncertainty.
👍
$BTC Intraday August 21st 1h/15m - 1h closed very bearish in my opinion. Long upper wick + closed below resistance.
15m - Each attempt to break short term resistance has been getting weaker in terms of volume.
2/4 asks have now been filled.
I know the first tweet of this thread I mentioned that shorting here would be irresponsible.
I've done more analysis. My thoughts are here: https://t.co/LeqnzdJzE3