Updated

Few interesting intraday levels for Bitcoin

For short term, those to areas/levels (green and red box) are really interesting for me, at least.
If the first resistance (red) level is NOT broken, there is a good probability this turns into a 3 dive pattern (see comment with a 4h chart) and hysteria fulled selling will continue for a while.
If red level gets smashed, the next important R is at the area marked with green box.

Note

Here is the 4 h with possible 3 dive pattern.

Note

I marked another level, that I think is really important in establishing the trend - 9731 (small green triangle)

Note

Updated and cleaned up the chart.

Note

So, this is where it's at as of now

I added a new price projection (bright green) and you can see multiple clusters now. Chart is getting a bit messy.

<strong>Any questions? Ask! </strong>

Previously plotted levels worked out nice. Lets see, how the rest of the day will go.
Red area that was previously R shows a good chance to develop into a nice S.

Note

(I have posted this to chat in past few days)
W are from weekly
A and B are done for now.
Assuming we continue correcting the previous weeks panic and stupidity induced selloff
C - 11231-11302 range looks like next serious R

Note

It seems to evolve nicely. Next few clusters are marked with arrows.
Making stops at R and then smashing those while establishing a strong S

Note

I posted it as a comment and there is no way to delete it so here we go again. :)

Note

Trade closed: target reached

I reached my short term target. Took profit
Time to look for new entry point.

alskdj

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.

alskdj