BTC keep consolidation before impulsive move
Hi everyone
Bitcoin had a strong rally since Dec 16 2020 almost nonstop before a significant drop
around 31K level, almost experience 28% of declining.
now for days coming I expect the market moves in sideways before starting another
impulsive move downward or upward. it's actually the Market makers call to decide
where the most liquidation will be taken. it's the bitter reality we have to consider
and accept. all the technical analysis can just help us to avoid a terrible mistake could
liquid us by a flash of moment.
so here is my strategy to avoid such a big mistake:
1-if the daily price with the confirmation of 4H time frame crossed and closed upon
the blue box on my chart we have a good chance to keep upward to my new target.
2- if the price broke down the trend line and 34700 level by the same time, we have
a strong chance for more drops to the green box marked with red flag on my chart.
SO........................
upon the blue box I go for long with proper money management and stop loss
below 34700 and trend line I go for short with the same condition.
Enjoy the market
Bitcoin had a strong rally since Dec 16 2020 almost nonstop before a significant drop
around 31K level, almost experience 28% of declining.
now for days coming I expect the market moves in sideways before starting another
impulsive move downward or upward. it's actually the Market makers call to decide
where the most liquidation will be taken. it's the bitter reality we have to consider
and accept. all the technical analysis can just help us to avoid a terrible mistake could
liquid us by a flash of moment.
so here is my strategy to avoid such a big mistake:
1-if the daily price with the confirmation of 4H time frame crossed and closed upon
the blue box on my chart we have a good chance to keep upward to my new target.
2- if the price broke down the trend line and 34700 level by the same time, we have
a strong chance for more drops to the green box marked with red flag on my chart.
SO........................
upon the blue box I go for long with proper money management and stop loss
below 34700 and trend line I go for short with the same condition.
Enjoy the market
Operación activa:
now my blue box is acting as support so there is a good chance to hit 42700 target level of my chart.
Comentarios:
it is important to keep the price upon the support area otherwise will decline
Operación activa:
still moving into the wedge on the chart, breaks upper than the blue line is more bulls expected, below the white line of the wedge is more bears expected
Operación activa:
I think drop is more likely now but if you follow my position set your stop loss above 38000, it may turn upward
Operación activa:
my first target just hit "Enjoy it"
Operación cerrada: objetivo alcanzado:
almost hit the second target, but trade is still active, we may test the green box after short term correction and even decline more. "Enjoy it"
