Bitcoin Price Analysis — Bears Beware

Bitcoin Watch Shop

The technical setups posted next use elementary trend detection, support and resistance, channels, settlement and candle analysis. We aim for high-probability trade setups on BTCUSD, and use really few indicators. All charts use BNC’s Bitcoin Liquid Index for limit accuracy.

The timeframe for trades is 1 to 7 days, so we’ll use 4h candlesticks. Bitcoin is best traded as a quite suppositional commodity on 4h+ timeframes, nonetheless I’ll quickly report a shorter-term scalp setup.

Market Sentiment

This territory is formed on inner (anonymized) Whaleclub trade information and is published exclusively on BNC.

Current Active Long vs Short Volume Ratio: 3.5:1

Average Active Long vs Short Volume Ratio: 2.2:1

We have a 59% additional in active prolonged volume relations to a average. The normal weighted prolonged entrance cost is $411.24, that is somewhat reduce than a stream marketplace cost – this means that on average, stream active longs are in a green.

Sentiment is bullish. The risk of a prolonged fist is above-average due to a high prolonged ratio, nonetheless not as high as final week – where we had a 90% prolonged ratio excess, that resulted in a $15 sell-off (long squeeze) as predicted. If cost breaks down below

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