Get started

Meanreversion

False move monday on BitcoinWe are currently sitting at the EMA50 on the 4hr timeframe. It looks like we are doint a mean reversion here again. The top was quick and formed a wick but I couldn't finde any vector candle that could be liquidity pools to recover. We also have a CME GAP at $54.2k which will be recovered soon in my opinion. We had the retest of the $58k level which was very important but I expected it to happen on wednesday. Lets observe price action but my observation leans towards shorting.
CME:BTC1!Short
by reports20netrust
BITCOIN BULL & BEAR SCENARIO FOR THE REST OF THE WEEKIn this scenario, we retest $58k and move lower to reach the low at $54.6k. These price moves should be watched closely as they can become volatile with falling stock prices and economic data. Today the JOLTS job openings will be released which could cause volatility. If the economic data turns out to be bad for the dollar in the next few days, the upside scenario could continue and we would re-enter the area where we are trading sideways.
by reports20netrust
4hr BITCOIN mean reversion rejection - Leave the rest for laterIn #Bitcoin's 4-hour chart scenario, we reject the EMA50 we are currently at and take the low at $56k in the next couple of days. We get a lot of economic data in the next few days until Friday, which could strengthen the US dollar and lead Bitcoin into a sell-off. Chart-wise, it looks like a rejection of the 4hr EMA50. The first target would be $56k and if things look really ugly, we should also consider $51k as a possible target.
Short
by reports20netrust
2
Bear and bull scenario for today (MONDAY)We recovered the wick from Sunday with the move lower just before the close of the weekly candle. I could see some mean reversion here on the table and a possible break or rejection near the daily open (offset) at $58.4k. Like always $58k region is key. A possible rejection can happen at the psychological low at $58.2k. Right now we are still in the range of $58k - $61k. London Session starts in 8 min and will start the day. Let's go. Trade safe!
Short
by reports20netrust
Bearish trend continuation for the weekThat's my idea for the current downtrend if we continue it. Nvidia earnings today at 10pm could be a factor for volatile price action. I see the possibility of a move up to the 1hr EMA50 at around $61.2k if earnings come out well. This is a scenario where we continue the current downtrend. Check out my bear scenario for this week here on tradingview to see the bigger picture. The level to keep an eye on is the $56k level as the price could be interesting there due to pools of liquidity. I have also marked the current price levels where we are again. These are the levels of the consolidation range we were in last week.
Short
by reports20netrust