Break from Rising Wedge and from previous high. I think currently correcting with 2 legs. Bit risky entry tbh.
Not much to write. Broke trend line. Structure is down currently.
Not much to write Down channel and structure Enough correction it looks.
Currently in a bear flag, break, soon to drop.. Not much to write tbh
M - Up W - Up D - Up but in Correction 4H - Correction but above 4H demand zone 1H - Triangle Bit risky but if validated, it will have a good Risk & Reward ratio. PS: I always set 0.5% to 1% risk per trade.
Overall bullish but currently in correction Hope it will touch at least these 2 demand zones PS: It will be the last long trade for BTC for me since almost all people are in profit currently.
M - Down Channel W - Down Channel D - Down Channel 4H - Resistance Line + at Fib 50% + near Supply zone Short with 0.5-1% risk
- Down on Daily timeframe - Around 4H supply zone - Around Fib 61.8% Risk is 0.5%
Daily - Up 4H - Correction (Down) Higher chance to be supported on D pitchfork Around 61.8% Fib Level on D timeframe Around 4H demand zone
Weekly: Up channel but rejected on the top Daily: Supported at D key zone 4H: Break below 4H key zone Trade Idea: Short since 4H & D timeframes confirm the downtrend. Short if the price: 1. Retrace back to at least 50% fibonacci level (Premium Discount) 2. 4H key zone will act as resistance this time 3. Around 4H key zone, there is a supply level
SpotCrude is being supported on Weekly and Daily time frames. Break above 4H trend line. This might be the first sign More better confirmation will be when we break above 4H key resistant zone. But be cautious since the overall trend is down
No indicators, just pure market structure with support and resistance.
I think no explanation is needed since almost 99% of BTC holders are in profit currently.