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As we can see, aside from that massive downtrend, we also have a bear flag in formation I wouldn't enter a long here. I will wait until I can see clearer signs Time will reward you for your patience Just wait (or enter a short, haha)
The price went past the Moving Average (stair-shaped white line) and is going further to the downside It it crosses the triangle formation, expect a bigger move We have some support zones for the price Being the yellow line a strong one
So the bearish pressure was enough to pull down the price. I closed my long scalp and opened a short, since the Moving Average (that stair-shaped white line) was crossed with strength. These triangle patterns present amazing gifts for scalping, so if you're willing to make some money, just see the price action bouncing from top to bottom and be prepared for when...
We've failed an upside 3 times already But...it was the same with the downside movement 3 times as well! We'll see if we finally manage to go up with the next blue line wave, I'll keep you updated
I hope you guys bought the dip at $44k yesterday (Friday 26th) Everything points we'll go up now...for now! But remember, markets change constantly And we adapt to those changes Adapt or die; this is a game And I don't want mine over Don't be proud/cocky Stay humble & win Slow and steady Win the race!!! You can do it I'm sure :)
So I'm going to sleep now, leaving a buy order at $44,500 just in case, since the MA and the support zone were massively crossed down by a big red heikin-ashi candle We've visited both the $45k & $44k zones numerous times this week You might want to consider those key levels as strong support If we see further downside from this points, $42k is next And $41k and...
So the TA basically shows the support and resistance levels, plus some buy signals that I used just today to enter my BTC long I'd say you're on time still to be in this before we go further to the upside Fell free to comment and share your insights with me But I can have one thing for certain right now... Something is cooking, and it'll be tasty :) Don't...