฿ Bitcoin BTC/USD Daily Video, December 30, 2019

[Sive Morten]

Good morning,

BTC keeps long-term bullish scenario valid by far. Now we consider 6850-6900 area as comfortable enough for taking long position:

 

[Brett Reynolds]

I took a short position today after i saw the Opening Gap @ $7380. Stop is tight' @ $7430.
My Bias is still 'Bearish for Bitcoin...but i feel it's more in a Range now after the last Big move down from $9500.
The Daily Pin Bar on the 23rd is Key as a Close above $7680 is needed to confirm Bullish intentions...but even then...we still have a Weekly Downtrend that is still intact!
Also W & R on weekly that you mentioned is also making trading a 'direction Tricky...but the opening Gap today is worth a 'shot'..! Lets see how today's Daily PA closes because it could offer a target of $6000.!

 

[Sive Morten]

Also W & R on weekly that you mentioned is also making trading a 'direction Tricky..

Agree. It seems that market nervous of something, although I can't find the reason yet... Maybe just the end of the year...

 

[Brett Reynolds]

Agree. It seems that market nervous of something, although I can't find the reason yet... Maybe just the end of the year...

I moved my Stop to Breakeven at $7350 It will be very quiet...

Happy New Years..

 

[Brett Reynolds]

Stopped out..! I had a feeling something was coming.! BIG Rally on Stock Markets yesterday..after they looked like they had Topped out...and then 'WHAM'..!! Almost like a 'Double Repo' Slam Dunk..!
This could be start of a Rally on Bitcoin..and start of BIG Drop' on Stocks..!?

 

[Sive Morten]

Stopped out..! I had a feeling something was coming.! BIG Rally on Stock Markets yesterday..after they looked like they had Topped out...and then 'WHAM'..!! Almost like a 'Double Repo' Slam Dunk..!
This could be start of a Rally on Bitcoin..and start of BIG Drop' on Stocks..!?

Well, I'm not studies relations between stocks and BTC... do you see some correlation? I just know the classic one - gold vs stocks...

 

[Brett Reynolds]

Well, I'm not studies relations between stocks and BTC... do you see some correlation? I just know the classic one - gold vs stocks...

Well..not really 'direct' correlation...but when it's BIG News and anything to do with War etc..i think Bitcoin reacts to these events the same as any other market.!

 

[Treacle]

All over the place today...