Check the bubbles, leave a comment and thumb up if you liked the idea :)
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s3.amazonaws.com/tradingview/snapshots/f/fBN20k6o.png6hr volume breakout with a tight candle is a good signal, but the LPS in this case is 6450, and thats below the trendline/triangle, not a good spot.
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It reached the LPS and with lots of sell volume, will look for a spring below 6k, remember that 6k is the previous volume stops3.amazonaws.com/tradingview/snapshots/w/w1QxyVRu.png
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s3.amazonaws.com/tradingview/snapshots/z/zArxriSP.pnglong term trend tested + descending wedge, might bounce here, but im not sure if its gonna last.
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zoomed out s3.amazonaws.com/tradingview/snapshots/0/0UwjajOC.png
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btc failed and now is looking weak, capitulation soons3.amazonaws.com/tradingview/snapshots/l/LcO7HrPz.png
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s3.amazonaws.com/tradingview/snapshots/y/YRmt66Jk.png daily bear flag in progressNote
s3.amazonaws.com/tradingview/snapshots/0/0yRJCh7V.png ready to go 5.5-5.8k rangeNote
patience is key :), not buying here atm.s3.amazonaws.com/tradingview/snapshots/n/NKSgO2Xn.png
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we are getting very very close, prepare to buy and close your shorts!Note
s3.amazonaws.com/tradingview/snapshots/m/MbIHOPgK.pngto be classified as a spring it needs to bounce at 0.5 max 0.618 fib
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we are ready for a pull back, possible new lows.s3.amazonaws.com/tradingview/snapshots/g/gZxkVaCu.png
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spring retest succesfulls3.amazonaws.com/tradingview/snapshots/3/33W6Cqe1.png
target 1 is 8k
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this type of spring fits to our price action no.1 - Modest penetration of prior support by lighter volume compared to the volume of prior down moves. Indicates sellers are exhausted. No.1 Springs should be bought immediately.
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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.
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.