BitcoinUpdated BTC - BCH 1D A3 (commentary)
This short term analysis is just a comment to the "BTC - BCH 1D A3" publication which continues to be the main reference.
I have always liked to see the charts as a living snake and the technical analysis, that I love so much, as a map that shows us the environment.
What route will the snake take? We'll see.
best wishes all...
I have always liked to see the charts as a living snake and the technical analysis, that I love so much, as a map that shows us the environment.
What route will the snake take? We'll see.
best wishes all...
Note
We have a confirmation in the red dot. It keeps behaving as we expect.Note
Already crossed the reference levels and evidently planning to touch the tight rope.This breaks the references and supports provided by the previous movement, it is true that the "tight rope" is an important support, but for people who go long is to begin to stretch the losses and the time to recover
If the tight rope does not hold, 5400 would be the next important level with some supports on the way.
Definitely a complicated scenario for the crypto friends.
Note
We have a positive reaction from tight rope and all crypto ecosystem reacted to it. That must be positive news for the desperate crypto community. best wishes guys.
Note
It will give us a retest of that support, the "tight rope" which is actually a good thing. Only way to see if it's a solid support.Note
Look at that support working, very niceNote
It's amazing how he respects the support.Once again we reach a time target marked by the red dot, so we can expect some kind of reaction tomorrow. No doubt the next candle will give us a lot of information about where this BTC is standing.
Note
Effectively and as we expected the time target gave us information on the situation of BTC, the tight rope has shown its strength.It's funny to see how people's opinions start to change ... or they're very desperate or they're just too easy to manipulate.
For now, the important thing is to wait until we see a solid candle above the 6700.
This is the last candle that will leave this chart open, let's see how much information it gives me to make a new analysis.
best wishes to all,
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