BTC (Y21.P2.E4).More deeper correction coming
Hi Traders,
This post is a continuation of the previous video posts I made that also touched this possibility, and now we have more pieces to the puzzle, I feel that the much waited deep correction is coming, the weekly 10 or 21 ema. Usually its the 21 ema which has been much discussed.
For the short term target, I have the following items as to why this is the buy zone:
a) Rising wedge 1st target zone, after confirming wedge break down and retest of the bottom of the triangle;
b) Descending wedge height = target, has confluence to the same area;
c) Weekly 10 ema has the target as the same area;
d) Channel fib. level has confluence to the same area (blue line);
e) Retracement Fib level as well, = 0.382 or 0.618 depending how you place your reference point;
f) Daily Phoeix Green RSI below 50% and the rest of them as well.
All the best,
S.SAri.
I will be looking for the Green and Red RSI to cross over on the daily for reversal and the green gets to 50%.
This post is a continuation of the previous video posts I made that also touched this possibility, and now we have more pieces to the puzzle, I feel that the much waited deep correction is coming, the weekly 10 or 21 ema. Usually its the 21 ema which has been much discussed.
For the short term target, I have the following items as to why this is the buy zone:
a) Rising wedge 1st target zone, after confirming wedge break down and retest of the bottom of the triangle;
b) Descending wedge height = target, has confluence to the same area;
c) Weekly 10 ema has the target as the same area;
d) Channel fib. level has confluence to the same area (blue line);
e) Retracement Fib level as well, = 0.382 or 0.618 depending how you place your reference point;
f) Daily Phoeix Green RSI below 50% and the rest of them as well.
All the best,
S.SAri.
I will be looking for the Green and Red RSI to cross over on the daily for reversal and the green gets to 50%.
Comentarios:
A fractal. BTC is definitely showing fatigue in price action like this fractal. Note the curvature of the top. If the daily 50 ema can't hold, then understand we will head towards 45k There are many scenarios but who is to say what will happen. So we are talking about probability. So is the probability that BTC will hit the weekly 10 ema and 20, I say yes.
Comentarios:
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This community has signals now but with no risk management comms.
