$BTC - The Struggle Continues
Updated
- #Bitcoin's Uptrend still intact in terms of Price Action,
coming from the Lows of 15K .
Concerning is the fact that despite Bitcoin trending Bullish on regards of
Market Structure (series of HH & HL ) ;
it is trending so,
within a Rising Channel (i.e bearish flag).
Ahead of this current uptrend is the Golden Zone Fibbonaci Level
awaited to be faced as Resistance in the midst of a Critical S/R Zone.
Both of this targets should be flipped from Resistance to Support(retested)
in order for Bitcoin to be headed higher,
to trigger the price interest at 50k-65k ; W(tf) *OB a
(see the updated idea attached below)
Until further confirmations,
BTC is likely to be headed to at least 35.000$
in the short term time frame.
Key S/R and Golden Zone may very well be the next stoping point to open shorts
TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your Financial Advisor before
partaking on any trading activity based solely on this Idea.
coming from the Lows of 15K .
Concerning is the fact that despite Bitcoin trending Bullish on regards of
Market Structure (series of HH & HL ) ;
it is trending so,
within a Rising Channel (i.e bearish flag).
Ahead of this current uptrend is the Golden Zone Fibbonaci Level
awaited to be faced as Resistance in the midst of a Critical S/R Zone.
Both of this targets should be flipped from Resistance to Support(retested)
in order for Bitcoin to be headed higher,
to trigger the price interest at 50k-65k ; W(tf) *OB a
(see the updated idea attached below)
Until further confirmations,
BTC is likely to be headed to at least 35.000$in the short term time frame.
Key S/R and Golden Zone may very well be the next stoping point to open shorts
TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your Financial Advisor before
partaking on any trading activity based solely on this Idea.
Note
Note
BTC - Struggle Continues- On the verge of break-down confirmation
(*W close needed)
Note
Candlestick version*W
Note
BTC The Struggle Contineus update (line chart log.)
Pattern Break down , week two
(candlesticks version log.)
Note
- Another Bearish Perspective pre-Halvening ,
from Bearish Flag (The Struggle Continues Idea)
to Rising Wedge .
In case Rising Wedge (bearish patterns) plays out,
looking ahead for Short Entries to a 40% measured move down.
Not only, but aswell a strong Spot Buy Opportunity for cheaper SATS accumulation and ALTS bags.
TRADE SAFE !
*** Note that this is not Financial Advice !
Please do your own Research and consult your own Financial Advisor before
partaking on any trading activity based solely on this Idea
Note
BTC will be closing this Week resting on 200EMA on *W (tf)Will 200EMA act as dynamic support and boucne the price a little higher ?
Or the Feds Jackson Hole speech today has already taken 200EMA as a joke support ?
Note that 200 EMA is used by lots of algorithms (big money)
As well lots of retailers.
It's not smart to trade baseed solely on it as an indicator .
TRADE SAFE
Note
(CANDLESTICKS version)
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