aerhakim

On the Weekly timeframe chart, there is a re-entry occurring in the area of the MA 5/10 Low, with no crossing of the MA 5/10 High observed yet. This absence of a crossover indicates no signal for a deeper price correction. Meanwhile, on the Daily timeframe, an Extreme Buy signal has formed, indicating a potential continuation of the price rally. Additionally, on the H4 timeframe, a Complete Setup has been established. The above indicates a potential sign that the correction will end in TIAUSDT. As for the analysis of money inflow/outflow this week, TIAUSDT tends to be balanced, suggesting the possibility of a longer sideways movement.

The Daily timeframe is forming a Re Entry Buy signal, although the process of forming this re-entry took a considerable amount of time due to the market being choppy. On the H4 timeframe, candles failed to establish continuous selling momentum but instead formed sideways movement, which could indicate buy accumulation. On the H1 timeframe, there were several attempts to establish buying momentum, but they were consistently rejected due to sideways movement. On the Daily timeframe, the MA 5/10 high has crossed downwards, signaling a potential downtrend towards the weekly re-entry point. This indicates a decrease in the upward momentum of price movement. The analysis of outflows over the past 5 days shows indications of reduction. However, on the day of entry, there was still outflow.

In this post, I want to share why I've chosen to short Bitcoin after witnessing a steep price surge in the previous week. Utilizing technical analysis, I'm confident that the potential downside outweighs the upside, which is why I've opted for a short position with target around $44K - $46K.Hit Stop Loss