BTCCNY
2019 and 2020 FRACTAL MAY INDICATE POSSIBLE BULL MARKET SCENARIONot only price curve
but oscillator also toward upward trend
there might be no more accumulation in need
BTC remains still in the conflict place breakout with continuing hours uptrend
fail with long term resistance and continuing days downtrend
result may come out in a few days
VERY INPORTANT PERSPECTIVE OF CURRENT FLOW IMPULSE -> RANGING > INPULSE -> RANGING
what's noticeable was currently long was applicable as long's target not reached
short is likely catch up the dominance of market from hence
BTC Market's next move As probability of massive correction becomes higher we took a profit at +10% zone.
2 scenario possible.
Strong resistance again confirmed and LONG-requirements For contious strong bullish rally, BTC should hold the middle line of pallarel channel.
Which means, $6,470 - $6,550 hold critical support currently
NEXT MOVE OF BTC : BULLISH CONTINUE BTC FOLLOWS UPWARD TREND VERY CORRECTLY : heading toward strong resistance level
Will market present support and rally 4th time or
Long
forming descending wedge
major uptrend
Short
H&S
Key resistance level
Fractal
This is why i HAVE TO say SHORT for short term Say if you are BTC driver
Halving's coming
mom and pop investors are sticking around
But you are rich, very rich. The rich want to become more rich and grudging even a little amount of profits endowing mom and pops
so contextual basis points that market's 2 possibility ahead : At least double bottom or New dip
And Technical analysis is also simple : big fall, big fly. Easy.
BTC approaching the resistance It looks exactly on the way to the resistance
but indicator shows it's celing for short term at least
Time to take profits and have a sit backward and watch.
HOW should market behave to be expected LONG ?
First It should NOT break the inclination of HEAD
Second, should SUPPORT at leat $6,200
Third, should BREAK $6,700 resistance
Otherwise, this overbought only meant to for SHORT the lagged.
Short term decending wedge : Small rebound expected In hours bar excpected is a brake for SHORT trend
SHOR TERM BTC LONG 1. PREVIOUS RESISTANCE FLIPPED TO SUPPORT
2. Volume profile diluted
3. long beneficial proportion gap of loss and profit
4. Ascending wedge yet support not broken
5. Possible double top retracted
Thus, betting LONG, NOT BAD AT CURRENT FLOW
Looks like not a big leap how Market will streghten its bottom FRACTAL DIMENSION OF TOTAL COIN MARKETCAP NOV 2019 AND PRESENT
For short term, it MUST strengthen its bottom AT LEAST ONCE
For long term, if supports alive, accumulation will be compansated, ie. market fly.
Yet another great opportunity to buy the DIPHi all,
I am back with another idea. We are blessed to witness great price action over last week and got great new lows to buy for the life time opportunity.
On weekly:
Bulls gaining momentum to end the dip
On Lower time:
little bearish that may or may not take back to 4500s one more time
Daily Suggesting sideways with Bullish Momentum.
Yesterday is a great manipulation day that signaled Great Buy opportunities.
Trade Setup:
BUY : 4600- 5000
Peace,
Budha
