Bitcoin trading calls

Quoting xtraderforex

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64800 as the trigger is key line in the sand now. If it holds as resistance on any retest the short thesis stays intact

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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} I’ve moved my stop loss to break even to secure the trade. I believe this might be a pullback to retest the consolidation zone between $64,000 and $64,200 before the uptrend continues. {image}

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Quoting ngonlip

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here now 4h shooting star near resistance {image}

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Quoting Toboso01

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In my timezone (UTC-4), the Monday daily candle closed with a large upper wick, signaling a clear rejection. BTC was unable to close above $64,500—the open of the June 18 candle—and has now remained within that range for four days. My Daily Objectives: Bulls: The goal is to fill yesterday’s wick and close the day above $65,700. Bears: The goal is to close below yesterday’s open and engulf the price action, specifically below $63,250. My Key Levels: Day Open (DO): $63,949 Daily Pivot (DP): $64,247 Trading Strategy: Long Criteria: Bulls need a close...

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Quoting Olu

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{quote} Hi Toboso01, We are aligned. I also have that massive rejection daily candle on my chart. This makes me look lower more I have a short position so I am trade biased. Shorted when I saw that inverse hammer form on the 4h If Price can properly crack and stay under 64k (63949 really) the there is a chance of more downside 62.3k perhaps One step at a time {image} {image}

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Quoting Lillywizzy

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Good morning Lemme sit and watch this, but that daily rejection wasn't nice. I have a strong feeling the market is going to consolidate for a good time before taking proper sides. {image}

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Quoting Toboso01

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On the weekly chart (left), BTC is testing a critical Congestion Zone that bears must clear. This week’s immediate goal is to fill the liquidity void and secure a weekly close below the weak low of the June 1st candle (~59,000). While there is a high structural probability for the bears to reach this target, they are currently fighting immediate macro demand around the 62,000 level, which has historically acted as a major liquidity pool for the bulls. Closely monitor this 62,000 area; a clean structural break below this level could rapidly accelerate...

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Quoting Olu

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Bitcoin just did a near $500 bounce. Check it out on the chart. As the NY markets have opened we are having out initial balancing and positioning. Anything can happen. New sellers can wait for the low to be taken out or resistance being hit before going short. Going long a break of 62.6k could be an entry long for me. {image}

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Quoting Toboso01

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{quote} Hi Olu, I agree. I need to see a clear hold/bounce at $62,600, then a push up to clear $62,900. $62,900 is the key resistance to watch; bulls need to clear it to prove strength. {image}

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Quoting Olu

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{quote} Toboso01 thanks for your comments. Bitcoin is clearly bouncing off the recent lows. But we have seen this before. The 38.2% fib retracement of the recent fall is at 63311 and so believe any upmove, though tradable, is not significant for me until that area is cleared Will be trading this from level to level with an overall bearish bias {image}

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