Bitcoin Price Analysis — Buy a Dip

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: 4.6:1

Average Active Long vs Short Volume Ratio: 2.4:1

We have a 90% additional in active prolonged volume relations to a average. The normal weighted prolonged entrance cost is $417.62, that is usually somewhat aloft than a stream marketplace price.

Sentiment is bullish, nonetheless longs are somewhat underwater. The risk of a prolonged fist is above-average due to a high prolonged ratio, and this risk will boost if cost continues to drop. A broader prolonged fist might take outcome if cost breaks down next a pivotal $400 support level.

Macro Key Points

This territory is an overview of news headlines or

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