We were in a channel 9200~9900 since almost 2 weeks.
This channel is gonna break and this range is almost done ... why?? look macd ...
Macd formed a triangle and its ending.
We're going?
In my idea we are going down to 8k area, why? rsi is in descending channel(divergence), from the beginning.
Why 8k ?
First of all that shadow showed us the potential of 8k magnet, second check this:
As you can see we have 8700 in 0.618 extension and 7800 in 1.618 of retracement.
But in my idea, dont hurry we have 9k in our way ! you can see that in 0.380 and 0.618
I said that several times ... we were in ascending trend since 3800 to 10400 ! we need a correction, and corrections are taking about 70% of the trend !
The best idea is about 7k~8k area and the worst one is about 5k~6k.
Ichimoko is showing ascending trend in 4h, but we didn't touch the zone yet, so its possible to see one of these areas...
So as always ... keep your eyes open on chart ... in next few hours you will see a big movement here ...
Do not fomo and do not enter the trend if you are not sure about it!
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
This channel is gonna break and this range is almost done ... why?? look macd ...
Macd formed a triangle and its ending.
We're going?
In my idea we are going down to 8k area, why? rsi is in descending channel(divergence), from the beginning.
Why 8k ?
First of all that shadow showed us the potential of 8k magnet, second check this:
As you can see we have 8700 in 0.618 extension and 7800 in 1.618 of retracement.
But in my idea, dont hurry we have 9k in our way ! you can see that in 0.380 and 0.618
I said that several times ... we were in ascending trend since 3800 to 10400 ! we need a correction, and corrections are taking about 70% of the trend !
The best idea is about 7k~8k area and the worst one is about 5k~6k.
Ichimoko is showing ascending trend in 4h, but we didn't touch the zone yet, so its possible to see one of these areas...
So as always ... keep your eyes open on chart ... in next few hours you will see a big movement here ...
Do not fomo and do not enter the trend if you are not sure about it!
If you liked it, please hit the like button, share and write your comments and follow me, thanks for reading.
Take care, trade safe
Trade closed manually
Alright guys, rsi resistance got broken.
I shared this one, I wasn't to active in btc today, so I couldn't see the support line ...
BTW, I think it will drop, if it cant confirm 9900 and 10100
Good luck guys.
Its time to rest.
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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.