Long

Clear view on BTC vol.3

Updated

This time We have huge chance for bounce. As the time flew We have better picture here.
Finally proper additive volume appeared.
Chart explains everything. Bitcoin $13.500.
I will stream,answer and help.

Note

Fractals gonna fractal.
Buyback at $9000

Note

Buyback, refill.

Note

If You are confused about yellow line, You can check my previous idea with explanation, on 4hr time frame we have local situation that have influence on current price action. Neckline was local resistance, broken twice in both ways. Second one gave us clear sign, that price is bottoming out.

Note

Sometimes it's hard to predict the bottom, but there it is:

Trade active

entry call.

Note

should the price stick to neckline. In other case stop needs to trigger

Note

still retesting

Note

target $11.000

Note

up

Note

There is no reaction, We don't know for sure if yellow neckline has been declined

Trade active

BTC breakthrough. Target 12.400

Note

Succesful breakthrough takes us to safer place on this market. This time We need to track meeting with higher wing of bull flag.
Pure uptrend

Trade active

Atleast meeting with red line is expected

Trade active

Situation has quickly solved, there is caution zone. We have to let it go for a while, no trade there. White lines are possible scenario of bullflag and inverted H&S completion that could lead us to atleast $18.000

Note

SMA 50 resisting the price.
Next week will tell a lot

Trade closed: target reached

This was succesful trade, We will take profit there

i will set up new idea on BTC

pinfkloyd

Also on:

Related publications

Clear view on BTC vol.2

by pinfkloyd

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.