Trend is strong but awareness is needed (Hourly chart) BTC-XBT
As you can see we have been putting some nice waves in on the 1 hour with a strong trend since the sub $7000 levels & this is expected to continue
however it is important to be aware of both options especially after a strong rally.
Bullish scenario -
1. We start impulse to 11k and meet Resistance
2. oversold macd
3. 1 2 3 4 5 impulse wave
Bearish scenario -
1. We have support failure & head for $8000
2. Bearish divergence & double top
3. expanded flat (b wave exceeds a wave)
Watching out & make plans for for both!
Stay profitable out there!
Dalinhood
however it is important to be aware of both options especially after a strong rally.
Bullish scenario -
1. We start impulse to 11k and meet Resistance
2. oversold macd
3. 1 2 3 4 5 impulse wave
Bearish scenario -
1. We have support failure & head for $8000
2. Bearish divergence & double top
3. expanded flat (b wave exceeds a wave)
Watching out & make plans for for both!
Stay profitable out there!
Dalinhood
Note
Note
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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.