฿ Bitcoin BTC/USD Daily Video, August 24, 2020

kris82

Private, 1st Class
Messages
39
Sive, few questions regarding more DiNapoli techniques according to this analysis.
We have daily Stop Grabber, daily bearish trend and poor dynamic pressure. Why we could expect going to ATH with this conditions?
 

Sive Morten

Special Consultant to the FPA
Messages
14,041
Sive, few questions regarding more DiNapoli techniques according to this analysis.
We have daily Stop Grabber, daily bearish trend and poor dynamic pressure. Why we could expect going to ATH with this conditions?

Hi Kris, well, mostly it depends on what time frame we're talking about. Below daily - context is moderately bearish, daily/weekly - it is still bullish. By Coinbase quotes we do not have the grabber... Market is forming higher lows, showing no meaningful pullback. This is not normal for market that supposedly stands in some downside reversal. Taking it all together, this makes background for short entry not very attractive.

Currently we mostly talk that BTC keeps chances to move higher, as it stands above major support levels, keeping bullish tendency intact by far, rather than it is going to ATH.
 
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