TonyTheBullSeverino

Quick BTC Update and Quick Lesson: Close Shorts and Different Types of Trades

Technical Analysis and Trade Update

Although this move up is just a small daily move so far, we have moved above the Bollinger Band basis on the daily, which is a sign we want to close our shorts from above the upper BB.

There is now a slightly higher probability that we tap the upper Bollinger Band again first

These next few days and week or two will be tricky, I sense

The market is heavy, but Bitcoin order books are thin and market makers can shake things up for a while

Today's daily candlestick is also a bullish engulfing, so there is likely some more upside now

Price held at former range medium despite deviation move above and rejection. This hints at another attempt at a breakout in my experience

Ichimoku shows the chikou span (dashed grey line) is passing through the candlesticks and Tenkan-sen. This suggests the chikou span would move to the Kijun-sen next, so around $76K. $76K puts BTC back into the daily clo