https://www.tradingview.com/x/5EQBSVdH/
Ok guys, nothing weird here really.
Let's look at this macro, we came up to the top of the channel, got rejected and now we're retracing. Nothing out of the ordinary here guys. This is why I believe in TA, I don't care about the news or FA, because it's all subjective. This chart is not subjective. We're in a channel, when we break out we're bullish. When we breakdown we're bearish. Right now we're bearish toward moving down to the center of the channel or the bottom. We're touching down on the median line, which gives us a potential reversal opportunity. If we get a daily close above this candle, then the next candle is green I'll be considering opening up my long. But I'll need a daily candle to trade above this current candle's open, @ 8768 before I execute.
This is sideways market chop guys, sideways action. Because so many eyes are on Bitcoin alts haven't taken off to the DEGREE that they should have, but just look at the charts they're beginning to move. Alt season might be coming!
https://www.tradingview.com/x/m9OSgCPz/
TD Indicator backs up my ideas. We're on a 6 of 9 on the buy set-up, and we're also working down into a Countdown for a larger market move. That countdown is on a 9 of 13. So perhaps we'll see a finished nine count to the downside, a brief 1-4 candle correction to the upside, then a final continuation downwards until we can complete our buy countdown (hopefully at the bottom of the channel for optimum profit oppportunity) and then we could see some massive upside potential.
Also, via Turtle Trading strategy a strong short is being called for. I'm shorting Bitcoin into the ground ATM, with buy orders set very low to catch maximum downside potential.
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