SEPTEMBER, OCTOBER, AND NOVEMBER'S PRICE PREDICTIONS ~ (phase 4)
-Yurlo
(please hit that like button if you agree with the visuals I've posted for you guys) ~
Good evening my friend, I hope you're all having a great week and have taken this week trading to continue learning, improving, and sticking to your TA and the trading plan. Trading with no emotions and understanding market psychology and applying it to your trading on a daily basis is very important for the future success of your trading.
Key takeaways (EMA ~ moving averages)
#1: 50 EMA appears to be rejecting ~ $10809
#2: 200 EMA has not yet been tested ~ $9721
(phase 1 ~ upwards momentum) ~ after the March 2020 crash
(phase 2 ~ accumulation/sideways momentum) ~ started end of April, early May
(phase 3 ~ sell off/overbought) ~ started halfway through August
(phase 4 ~ bull trap before downside continuation) ~ started very early September after $9800 held support, painting the illusion the bottom is in and the "bull run" can resume
(phase 5 ~ panic/fear - which will lead to capitulation and rapid sell pressure) ~ should started in the next 1-15 days, depending on how the markets react
(will update at the end of November on this post)
(please hit that like button if you agree with the visuals I've posted for you guys) ~
Good evening my friend, I hope you're all having a great week and have taken this week trading to continue learning, improving, and sticking to your TA and the trading plan. Trading with no emotions and understanding market psychology and applying it to your trading on a daily basis is very important for the future success of your trading.
Key takeaways (EMA ~ moving averages)
#1: 50 EMA appears to be rejecting ~ $10809
#2: 200 EMA has not yet been tested ~ $9721
(phase 1 ~ upwards momentum) ~ after the March 2020 crash
(phase 2 ~ accumulation/sideways momentum) ~ started end of April, early May
(phase 3 ~ sell off/overbought) ~ started halfway through August
(phase 4 ~ bull trap before downside continuation) ~ started very early September after $9800 held support, painting the illusion the bottom is in and the "bull run" can resume
(phase 5 ~ panic/fear - which will lead to capitulation and rapid sell pressure) ~ should started in the next 1-15 days, depending on how the markets react
(will update at the end of November on this post)
Trade active
Currently sitting at a major resistance level on the 4 hour chart. Also the american dollar (DXY) is well above the trend line and may break resistance which would be bearish and bitcoin will come tumbling down. Death cross under $10850.Note
Daily close in just over 5 minutes.
Trade active
Trade active
going as planned
Trade active
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.