BTC (Y20.P5.E8).Macro.View
Updated
Ref.z.chart
Hi All,
This post is to complement or support he previous post, link below from a mid macro level.
Key points:
> Fib levels at the macro level seem to play support resistance;
> The Green zones are key levels of support\resistance;
> Using the daily, weekly (WS) and monthly (MS) candle sticks to place support and resistance lines:
> I have it going as high as 18400, 18800 is possible;
I have 2 levels of interest to leverage long, along these Green high volume pivot levels;
Using the RSI and other indicators at the time to make that decision;
All the best,
S.SAri
PREVIOUS POST supporting this thesis
Hi All,
This post is to complement or support he previous post, link below from a mid macro level.
Key points:
> Fib levels at the macro level seem to play support resistance;
> The Green zones are key levels of support\resistance;
> Using the daily, weekly (WS) and monthly (MS) candle sticks to place support and resistance lines:
> I have it going as high as 18400, 18800 is possible;
I have 2 levels of interest to leverage long, along these Green high volume pivot levels;
Using the RSI and other indicators at the time to make that decision;
All the best,
S.SAri
PREVIOUS POST supporting this thesis
Comment
I like this channel and price will be range either the upper quadrant or lower quadrant area of the channel.There is a slight % that price goes up from here but I doubt it.
Note the Daily RSI support line and how it will act as a rejection area.
This is where price is likely to find resistance on the daily
Comment
Comment
When I made the call, in a private session.twitter.com/WinthorpeDa2nd/status/1333043938073010176/photo/1
Comment
BTC has strong upward pressure on the daily, so i'm expecting this resistance level will be passed. I have a gut feeling the sloping support trendline is the real resistance and potentially the reversal.I do have a bullish scenario, where we have no pullback...which is not absurd as the weekly candlestick closed very bullish.
Comment
Approaching key area. If BTC can hold above this approaching level on consolidate more likely under this resistance, it might have a chance to breaking the previous high.The deeper pullback is in question by many seasoned traders. I will give a scenario as to what this could be later tonight.
Comment
One of the concerns have been broken. Great.Here is the current scenario that is playing out, a bullish scenario.
Trade closed: target reached
Target reach. New posts will be posted.
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