Today is Tuesday and we already have some nice price action that has helped cover some gaps. 11900 USD.- Filled 11740- Not yet filled 11580, Npt yet Filled 11958- Not yet Filled 10255, -Not yet 9955, -Not yet 9215 -Not yet 8840 USD. - Not yet

https://www.tradingview.com/x/DmcWZo2W/

The rejection at 12400, gave us a nice push back down which covered some of the gaps. This is healthy for the long term of the bullish trend. We still have some gaps below, therefore if we see a rejection again we may cover those prices.

This is my entry for the 100DAYSOFTA challenge, Tuesday 18th August 2020.

__ I am joining a challenge by a group of traders. The challenge is #100daysofta. Some of the people in this group have posted on $Youtube, $Twitter but I will be posting mine on Hive. The convener of this challenge is https://twitter.com/CryptoluXP However, the frequency might not be daily but it will be sequential. Having said that, here is what I have: __

4 hr Willy is already resetting to the oversold prices. This is a good indication for continuation in the short time frame for btc as the bulls reload to pump the prices. However, we are still definitely having some dump insight for BTC prices and this also a good thing. The ST is still long with the invalidation around 11100USD. This means a close below this price will change the trend totally and we may have to deal with a new developing trend. So far , the price is still great and good.

https://www.tradingview.com/x/PehFn1MX/ 1h Willy is at the oversold and almost crossing over. This cross over might be powerful and reverse the downward prices in the recent times, or it may just go sideways. This shows that the we may start hunting for long. The ST here has acted as a good support, which is what we saw in the last uptrend. It will be great to see the price supporting at that level before the continuation to upside target. This is helpful in achieving higher targets in the price of BTC. Also the Wavetrend indicator is signalling a bottom is near.

https://www.tradingview.com/x/FTkVyQ4J/ 30 mins On this TF we have the price in a downtrend after hitting the local high. This means we are either going to correct downward right away or we are going to correct at some point. The price action is seen in the chart is having a major test of the support. Also, the wavetrend indicator showing a gradual recovery for the price is near. It is possible we form a double bottom and price reverse to the near the 30 mins resistance.

https://www.tradingview.com/x/IZArShAc/ Extras 15mins and 5 mins charts respectively.

https://www.tradingview.com/x/NUnFEjGx/

https://www.tradingview.com/x/XkCym0AE/

Summary:

4hrs ST is long 1hr ST is long 30 mins ST is short

• My Position

I will be looking like a hawk to pick the best price to enter a long position if the 1 hour ST confirms long. Also, the 30 minutes support around 11700 USD looks good.

These are the probabilities I am looking at.

https://www.tradingview.com/x/ofJjNKlk/

Please note: This is not financial advice. This is rather a way I am seeing the market.

Wishing you a great weekend.