If the 1 day timeframe candle closes in green then we can go long. If it gives closing in red, don’t jump and short, it has to give a closing below 41,100 in 1 day timeframe.
- Buy at 35-37k
- Candle wick will reach 35k area whereas closing will be above 39k
1 week timeframe, EMA, Bollinger Bands, Regression trend and Price Action
Short for a small cash flow and go long for a checkout
50 (green), 100 and 200(purple) EMA
Bollinger bands - it will test it’s previous lower band
Also the regression trend clearly slows the same
All these trends and indicators show that it’ll test 35-38k
The Orange lines are the upper and lower bands. I connected the bands or two highs and two lows. **
The green line shows 200ema at a 1W timeframe.
Connecting bollinger bands UB and LB - Even if there’s a breakout or breakdown, there’s a chance it’ll bounce back from the previous trend of bollinger bands.
Sorry, I’m not good at English. Tried my best to explain.
BTC will surely test its lowest low of December (42k). And there’s a chance it will go lower and dumping will start, eventually making the candle close above 40k, test a little bit and give a pullback.
If it can break the thick grey trend line and go down. It will reach 48,000 - 50,000. If it keeps retracing up and down the very trend line, it’ll come to 49,500 - 50,000 and go up
