Bitcoin has adapted to the zone and is carving out a space that involved an ascending channel and a fibonacci game of tag. We can clearly see that we are in the fib zones on the short frame and as we need to be focused on a pullback, nothing is really giving us the indication that it is going to happen as we have buy orders waiting on the support/resistance areas as the are defined.
What this means? I see us in a period of indecision where horizontal action as well as minor movements ladder dancing fib lines until we complete the 4th arm of the elliot wave where investors agree on funding a push to the upside. This is a wait and see. I am not entering any position until clarification
What this means? I see us in a period of indecision where horizontal action as well as minor movements ladder dancing fib lines until we complete the 4th arm of the elliot wave where investors agree on funding a push to the upside. This is a wait and see. I am not entering any position until clarification
Note
we will find support on the 0.5 , if you feel like making money in this market be careful and play with tight stop losses, once we show support we will test a higher high in the fib zonesNote
Might want to keep the fact we could be forming a double top indicating a correction. We need to make a strong push towards a higher high, if we can't find the "up" were bound to find the down. Stay Tuned, If I enter a short position, I will set up the trade in this published idea
Note
Note
higher high and rsi divergence , LONG
git some
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git some
Related publications
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.