Bitcoin Update

This is my ongoing price action study. This is a demonstration of how my method can pick key levels of any asset class. This is not a recommendation to buy or sell bitcoins. I just do these post for my own interest.

BTCUSD intraday template in my previous post on May 25th I showed how my method once again picked close to the exact top of this upleg in Bitcoin.

BTCUSD daily this is how my exit looks on the daily chart. Currently there is no 4hr/2hr long entry due to my anti-chasing rule because the daily MACD is crossed down. If price drops below the kijun sen, then it is likely that there will be a test of the support area between 1785 and 1698. Daily price has to either break out above supertrend to the upside of break down through the kijun sen before we can get an idea of what to expect going forward. Apparently there has been quite a delay due to a backlog of processing new accounts at the various Bitcoin dealers. It will be interesting to see how this plays out.

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