BTC Options Expiry, Green Weekend Ahead

24 Kas 2021

Options Expiry on Friday - Advantage to Bears to Keep Price Below $60k till then.

- Descending Triangle after a move down usually indicates reversals despite being a bearish pattern.
- Daily RSI has confirmed a bull div within the triangle.

It's likely to be a green weekend for either (a) or (b):

(a) Flips ~$61k back to support to new ATH at ~$77k.
(b) ~$61k rejects for a final retest of 111D MA at $53k.

Invalidated if triangle breaks to the downside.

26 Kas 2021

Not

16h left till daily close but with that rejection, a 4-point falling wedge is can now be confirmed. Buy closer to the bottom of the triangle for best R/R.

3 Ara 2021

İşlem kapandı: hedefe ulaştı

See latest idea.