BTC (Y21.P2.E10).Macro TA
Updated
Hi traders, investors and first timers.
Here is so far some observations on this trip and this current likely scenario is based on the past.
Here is some more variations to this, which is likely to play out yet fulfill the Inverse H & S scenario
a) Moving averages are consistent in acting support
b) RSI supports these formations on the 8 hr and should be used today and onwards
c) BTC regained important level on the 4 hrly
d) Below is a re-accumulation schematic that fits this play as well
OR case 2, more bullish
All the best,
S.SAri
Charts ref > 1.btc and btcpresentation
Here is so far some observations on this trip and this current likely scenario is based on the past.
Here is some more variations to this, which is likely to play out yet fulfill the Inverse H & S scenario
a) Moving averages are consistent in acting support
b) RSI supports these formations on the 8 hr and should be used today and onwards
c) BTC regained important level on the 4 hrly
d) Below is a re-accumulation schematic that fits this play as well
OR case 2, more bullish
All the best,
S.SAri
Charts ref > 1.btc and btcpresentation
Comment
Apologies,I should have put a caveat, a condition based scenario.
What are the conditions?
a) we hit the top flat resistance level
b) BEARISH scenario I will cover in a video stream
Comment
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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.