This is neither a bearish or bullish post, we analyse the charts and play by them!
As soon as we break the channel i will make a bigger update post.. please for knowledge sake read my other post thoroughly to see my overall view on bitcoin.
Those red lines is the EMA ribbon meaning RESISTANCE
Expected price move January 31st, February 1st
Currently we're in a liquidity zone ( sideways zone with spikes )
As soon as we break the channel i will make a bigger update post.. please for knowledge sake read my other post thoroughly to see my overall view on bitcoin.
Those red lines is the EMA ribbon meaning RESISTANCE
Expected price move January 31st, February 1st
Currently we're in a liquidity zone ( sideways zone with spikes )
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my old post please read and understand the logic behind everything !
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200MA moved up.. busy atm, so whatever its at now is immediate support after the channel ( yellow lines break) will be boring times for btc on bitmex but we will be forced to move the closer we move down the wedge.. around February 1st or January 31st expecting move. the maximum price bitcoin can go to right now if it breaks the purple wedge is 3950 area from here i would short if it goes there with a tight stoploss , this is the top of the yellow channel we are in. Remember this is neither a bullish or bearish post.. this is a TRADERS post.
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take a look at the recent fib its almost immaculate ( click and zoom in ) the 2 being the spot where we had our double bottom!
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use this fib to scalp on bitmex as a template!!
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What if i told you this is still playing out.. CLASSIC
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enjoy the profits..
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