Updated

BTCUSD way to wash the card - retrace hard till around $5000-v2

v1:

BTCUSD way to wash the card - retrace hard till around 5000usd

v2:

Note

watch out if price still comes back to retest $9900-10300 zone in v1:
history:

so scenario could be:

Note

it comes fast today, is bottom and consolidation forming and finish in 202 march and april?

Note

think weekly ma200(green) currently around $5000

im not greedy, weekly ma200 is safe bottom bottom. anything below that is lucky coin.

Note

weekly will show when weekly close.

we go to daily chart to see details:
2015

2013

here we are:

if u wanna buy "bottom", then risk is if it fall off
if u wanna buy safe at bottom breakout, then risk is missing the "bottom"

with your own strategy, u need to decide what to do

Note

if i don't spend time post this update first, i would not have missed my bottom bottom ha

18% up

Note

last update on the public idea so far:

from what i have been TA so far, for now on day chart and 1H chart,
i regard btcusd bottomed, even if it still range if crazily to around 3k(not likely imo).

there will be opportunities for alts trading in future, but not as of now.

always remember that your goal is to gain btc, no matter btcusd is up or down, alts is up or down. in long term, you wanna get as many btc as you can from your investment/trading. and redeem your profit along the way up so when price is going down, you don't regret your profit is gone.

--
i started from zero and thanks for anybody on tradingview that i learnt from.
i hope you could learn something useful from my TA.
i definitely recommend you to check my posts since 2019 June, coz i got so much better since then. specially on hype fib, S/R, massive volume trading, btcusd history and compare etc.

i may not really post public post from now.
good luck to ya all who followed and supported from my way up.
if you miss me, check my previous posts, i shared knowledge there :P

Note

weekly candle will complete till end of the weekend.
weekly candle should close on ma200.

expecting price in yellow box during Fri, Sat, Sun

Note

correct of last update:
price may not stay in the yellow box.

price will end up on weekly ma200 by end of the weekend.

it means price could also shoot out of the yellow box then close on it.

Note

weekly price closed below ma200, next weekly support ma272:

monthly is now at key level - ma45, if by april 1, price close below it, then going to ma60:

Note

weekly price closed above ma200:

Day high volume bars decides price range, learning from history 2015:

to apply now:

Note

will be a good setup if price comes down to around 5600

then make weekly close on around 6000.

chances for alts in april

miaomiao18

Related publications

BTCUSD way to wash the card - retrace hard till around 5000usd

by miaomiao18

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