BTC - The GAME is (still) ON!
Hello guys! As you know we are long here since this Bullish Engulf, and our trade is still active! But first, if you are new here, I invite you to follow me, so you’ll keep up with our trades and analyses. Our three last trades are on the chart, evidenced by the black arrows, and the links to these calls are below, so if you want more details, you are free to check my past analyses.
BTC is struggling a lot now, and there’re some scenarios we can work with. First, BTC may test some of its supports, namely the 21 ema, the light blue line or the green trendline, and it would be ok, because it won’t spoil the bull trend if it does so, and would give an opportunity for those who are out to buy BTC at a cheaper price. Second, BTC may just get past through this pink line, and in this case, it will seek the green line, which is our main target.
Now, the hourly chart as usual:
The price did a Double Bottom, which is good, another bullish sign, but it seems it found another resistance at the orange line. The price is moving sideways now, resting a while, and you guys know what I think about it. When the price enter on "the sleep mode" it means it's gathering strength for its next move. Let’s see if it will wake up to break its resistances.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BTC is struggling a lot now, and there’re some scenarios we can work with. First, BTC may test some of its supports, namely the 21 ema, the light blue line or the green trendline, and it would be ok, because it won’t spoil the bull trend if it does so, and would give an opportunity for those who are out to buy BTC at a cheaper price. Second, BTC may just get past through this pink line, and in this case, it will seek the green line, which is our main target.
Now, the hourly chart as usual:
The price did a Double Bottom, which is good, another bullish sign, but it seems it found another resistance at the orange line. The price is moving sideways now, resting a while, and you guys know what I think about it. When the price enter on "the sleep mode" it means it's gathering strength for its next move. Let’s see if it will wake up to break its resistances.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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