BTC Daily Technical Analysis: Beginning of a Short-Term Bullish Reversal / Today's new Position!!!

First the 20K or the 18K??? I think you have the answer.😉

On ATOM we have 2 giant peaks in the north close to the price at $12.8 and $13.2, but it's possible to go a little south to get the $12 and then go north to liquidate the shorts.

I just closed my short on ATOM with a nice profit of 7.82% in 1D and 8H

The main reasons for a hunt for shorts:

• A weakening dollar.
• The S&P 500 on a key level.
• The BTC and ATOM with the degenerated shorts.

On the picture is my new position Long ATOM/USDT in grid trading, I put half of what I put when I am on shorts, so on the good direction of the trend I put more, it allows me to preserve my profits and also to avoid taking big losses since the downtrend can hurt more than the bullish one.

The dollar is showing a sign of weakness from the buyers in favor of the BTC and S&P 500.

• Candle patterns towards a reversal:
  After several green candles (Color Candle), followed by smaller and smaller shrinking candles, and today we have a Long Wick Candle and at the same time inside the Inside Bar.

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

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