BTC - H4 - HISTORY REPEATS ITSELF...
H4 : Looking at this 4 hours chart you can note the following :
1) From the breakout of the clouds support level around 55'500
BTC has :
A) NEVER BEEN ABLE TO RECOVER AND HOLD ABOVE MBB !
B) NEVER BEEN ABLE TO RECOVER ABOVE THE CLOUDS !
2) Each recovery attempt, has only been corrective and not as a trend reversal has already
mentioned many times in my previous analysis
CONCLUSION :
AS LONG AS BTC WILL NOT BE ABLE TO SHOW A SUSTAINABLE RECOVERY ABOVE THE MID BOLLINGER
BAND, THE DOWNSIDE SELLING PRESSURE CONFIRMING THAT WE ARE STILL ON A STRATEGIC PERSPECTIVE
IN A SELL ON RALLY MODE AND NOT YET IN A BUY ON DIPS MODE.
Last but not least, for those who want to play against the primary downtrend, I repeat once again that
ANY LONG EXPOSURE SHOULD BE MONITOR VERY CLOSELY IN PLACING TIGHT STOP LOSS (TRAILING) AND IN
HAVING CLEARLY IN MIND THE TIME FRAME IN WHICH YOU WANT TO ACT !!!
Have a very nice trading week, have fun, all the best and take care
Please, if you like my analysis, do not hesitate to like it and for those who did not follow me ye, pls add Ironman8848 in your
following list and talk about him around you :-)
Many thanks in advance
Regard
Ironman8848
1) From the breakout of the clouds support level around 55'500
BTC has :
A) NEVER BEEN ABLE TO RECOVER AND HOLD ABOVE MBB !
B) NEVER BEEN ABLE TO RECOVER ABOVE THE CLOUDS !
2) Each recovery attempt, has only been corrective and not as a trend reversal has already
mentioned many times in my previous analysis
CONCLUSION :
AS LONG AS BTC WILL NOT BE ABLE TO SHOW A SUSTAINABLE RECOVERY ABOVE THE MID BOLLINGER
BAND, THE DOWNSIDE SELLING PRESSURE CONFIRMING THAT WE ARE STILL ON A STRATEGIC PERSPECTIVE
IN A SELL ON RALLY MODE AND NOT YET IN A BUY ON DIPS MODE.
Last but not least, for those who want to play against the primary downtrend, I repeat once again that
ANY LONG EXPOSURE SHOULD BE MONITOR VERY CLOSELY IN PLACING TIGHT STOP LOSS (TRAILING) AND IN
HAVING CLEARLY IN MIND THE TIME FRAME IN WHICH YOU WANT TO ACT !!!
Have a very nice trading week, have fun, all the best and take care
Please, if you like my analysis, do not hesitate to like it and for those who did not follow me ye, pls add Ironman8848 in your
following list and talk about him around you :-)
Many thanks in advance
Regard
Ironman8848
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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.