IS BTC GOING TO RETRACE TO THE GOLDEN POCKET OF THE LAST UPWARD SPIKE...61.8%-65.0% FIB RET(BLUE SHADED CHANNEL)...= $7610-$7625 ON SPOT?...WITH A CME PREMIUM OF $75-$90....WILL IT HAPPEN SOONER THAN LATER? THAT WOULD ALSO EQUATE TO BOUNCING OFF THE 4HR 21EMA
PLAY WITH THE CHART ABOVE...IT'S BUSY BUT LOTS OF DIFFERENT TIME-FRAME LEVELS ARE INLAYED ALONG WITH HIGHS TO BEAT.
BTC IS TESTING THE TOP OF THE DOWNWARD CHANNEL RESISTANCE LEVEL(BLACK), IF $8100-$8150 LEVEL BREAKS...MEASURED MOVE OFF OF SMALLER TRIANGLE BREAKOUT IS $8400-8500
BUT...THAT DANG CME GAP LOOMS BELOW LIKE A HUNGRY SHARK...BE CAREFUL
I HAVE BUYS IN AT THE $7600-$7650 LEVELS...AND A GOOD STOP-LOSS TARGET, THEN... HODL,
BOTTOM SEEMS TO BE IN AT ROUGHLY $6450...COULD STILL BOUNCE TO LOWER RED TREND LINE AND STILL CREATE A HIGHER LOW AS LONG AS THAT HAPPENS LATER THAN SOONER. WE HAVE OUR FIRST HIGHER HIGH AND A GOLDEN CROSS ON THE 4HR CHART...50EMA CROSSING OVER THE 200SMA
BELOW $7100, NOT GOOD!...BUT OVER-ALL BULLISH!
POST YOUR COMMENTS PLEASE...ALL OPINIONS WELCOME
PLAY WITH THE CHART ABOVE...IT'S BUSY BUT LOTS OF DIFFERENT TIME-FRAME LEVELS ARE INLAYED ALONG WITH HIGHS TO BEAT.
BTC IS TESTING THE TOP OF THE DOWNWARD CHANNEL RESISTANCE LEVEL(BLACK), IF $8100-$8150 LEVEL BREAKS...MEASURED MOVE OFF OF SMALLER TRIANGLE BREAKOUT IS $8400-8500
BUT...THAT DANG CME GAP LOOMS BELOW LIKE A HUNGRY SHARK...BE CAREFUL
I HAVE BUYS IN AT THE $7600-$7650 LEVELS...AND A GOOD STOP-LOSS TARGET, THEN... HODL,
BOTTOM SEEMS TO BE IN AT ROUGHLY $6450...COULD STILL BOUNCE TO LOWER RED TREND LINE AND STILL CREATE A HIGHER LOW AS LONG AS THAT HAPPENS LATER THAN SOONER. WE HAVE OUR FIRST HIGHER HIGH AND A GOLDEN CROSS ON THE 4HR CHART...50EMA CROSSING OVER THE 200SMA
BELOW $7100, NOT GOOD!...BUT OVER-ALL BULLISH!
POST YOUR COMMENTS PLEASE...ALL OPINIONS WELCOME
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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.