BVOL7D trade ideas
Indecision is the enemy of success.The most successful traders have one thing in common: they know when to pull the trigger. They don’t hesitate. They don’t second-guess themselves. They make a decision and they stick to it.
Indecision is the enemy of success. It’s what causes trading losses. If you can’t make a decision, you’ll never make any money in the markets.
The trick is to not let indecision steal your opportunity. When you see a good trade setup, don’t hesitate. Take action and be confident in your decision. Remember, even if it turns out to be a wrong decision, it’s better than no decision at all.
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Downtrend did resume, and what's next?
The chart would be self-explanatory.
Here we are rebounding from FE 0.886.
I marked 1.000 and 1.114, respecting the H & S.
This article is tagged as "short," but beware of possible extensive upside moves. Better be cautious until the candle crosses down the arcs' crosspoint (at least in a lower timeframe).
By the way, this is an update for my most notorious chart.
While my previous analysis has astonishingly been trolled, the chart didn't take care of what they felt-
Like it or not, this is the fact.
Weekly candle to close red suggesting trend continuation
Gann Square, the built-in smart tool of TradingView, is provided with many fans and arcs. Every single one of them, if properly plotted, is considered to serve as S & R. Not to mention their crosspoints.
In this chart, I applied it so that only the strong movements (progressive waves in the E.W. Theory) in the trend direction penetrate the arcs and the crosspoints.
So if the weekly candle closes red, the arc resistance is confirmed together with the trendlines, making any upside to mark HH more difficult (implying a continued downtrend).
Let's check this scenario.
Although this is not textbook theory but my empirical analysis, the light-green shaded zones act as resistance zones like the Ichimoku cloud.
Considered in conjunction with the low of 17600, we would see a large or small rebound there.
However, a move beyond 25k, especially over 28k, within one or two weeks is almost unlikely, given the overhead crosspoints and the likely continued macro downtrend.
Gan Fan 1 x1 (thick black) may serve as support. Watch 16500 if 17600 support is lost.
Bitcoin's Significant Upward Resistance Suggests Drop Is NearBitcoin is facing significant resistance from both moving averages and the combined wedges that have been forming over the last few months.
Equity markets and Bitcoin are closing into key technical make or brake moment. I believe we might see more bull traps before a significant drop over the next week.
Goodluck