As you can see, the Volume Moving Average (YELLOW LINE) has been steadily declining ever since that sharp move up back in April. That’s not bullish behavior—it’s a warning. This week ENDING ON THE 13TH, Bitcoin must close above the monthly swing high (Top ORANGE LINE) if the bulls want any shot at locking in a green monthly candle.
Now, here’s the part most miss: if price breaks below the 0.875 GANN level (Top WHITE LINE), odds spike for a retracement toward the 0.5 GANN level (Middle RED LINE). Conveniently—that area also aligns with both the 20 SMA (PINK LINE) and the 50 SMA (PURPLE LINE). That’s your confluence zone. It’s a great spot to exit any shorts and reassess the battlefield.
I’ve been in a short from around the $108K mark for weeks. BTC is strong as long as it holds above the 0.5—and I’m still calm above the 0.125 GANN level (Lower WHITE LINE). Panic only creeps in if we break the monthly swing low (Bottom ORANGE LINE).
Now, if by some miracle the bulls rip through the all-time high, I’ll happily add to my short in the HIGH-POWERED SHORT ZONE (RED BOX). That’s where overconfidence meets resistance.
THIS IS NOT FINANCIAL ADVICE. I’M JUST A GUY ON X… DO YOUR OWN RESEARCH!
👉 FOLLOW ON X: TheAlphaView
Now, here’s the part most miss: if price breaks below the 0.875 GANN level (Top WHITE LINE), odds spike for a retracement toward the 0.5 GANN level (Middle RED LINE). Conveniently—that area also aligns with both the 20 SMA (PINK LINE) and the 50 SMA (PURPLE LINE). That’s your confluence zone. It’s a great spot to exit any shorts and reassess the battlefield.
I’ve been in a short from around the $108K mark for weeks. BTC is strong as long as it holds above the 0.5—and I’m still calm above the 0.125 GANN level (Lower WHITE LINE). Panic only creeps in if we break the monthly swing low (Bottom ORANGE LINE).
Now, if by some miracle the bulls rip through the all-time high, I’ll happily add to my short in the HIGH-POWERED SHORT ZONE (RED BOX). That’s where overconfidence meets resistance.
THIS IS NOT FINANCIAL ADVICE. I’M JUST A GUY ON X… DO YOUR OWN RESEARCH!
👉 FOLLOW ON X: TheAlphaView
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.