BTC (Y20.P1.E8).The.Decider
Actualizado
Hi All,
* This post is all about the micro or medium level TA.
I'm still bullish however the second attempt told the story that this round we will not break the top of the channel.
So we have this mid section (orange area) to be the decider.
> If we go below the trend line, then it looks like a H&S which will drive the price to the bottom of the channel, for another good opportunity.
> If,unlikely, the price has a strong response, engulfing candle, on the 1 to 4 hr chart, then we have the 8800 target.
At this point, I would say its more likely we visit the bottom of the channel, as per the chart.
At the MACRO level, I still feel we have the bottom in.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
* This post is all about the micro or medium level TA.
I'm still bullish however the second attempt told the story that this round we will not break the top of the channel.
So we have this mid section (orange area) to be the decider.
> If we go below the trend line, then it looks like a H&S which will drive the price to the bottom of the channel, for another good opportunity.
> If,unlikely, the price has a strong response, engulfing candle, on the 1 to 4 hr chart, then we have the 8800 target.
At this point, I would say its more likely we visit the bottom of the channel, as per the chart.
At the MACRO level, I still feel we have the bottom in.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
Nota
Nota
Its a difficult one to call.The big play on the fake H&S with the spike and then dump to the 7K level tells me that they are in control. Allowing this to slowly go up with not much conviction doesn't give me much confidence to the upside.
Nota
Nota
Updated chartNota
I'm not experienced enough to know all the patterns with many indicators. I'm sure there are patterns if interpreted correctly, it tells you a story. Henc I have picked this pattern up on the RSI (15 min chart ) and I am to believe that this is likely a spill over pattern. Nota
Nota
Nota
Just a thought, time will tellNota
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.