hello trader!
welcometo this bitcoin analysis .
as you can see on the 4H chart bitcoin is in a triangle with 50/50 odds but is most likely to go down before we see a bounce up !
2900's region is strong support , i dont expect it to drop below but if we do so you can expect Blood in the space . if so i dont expect it to last long it wil be bought up straight away so if you
are out there trying to catch the bottom you wil most likely fail.
for now i just stay on the sideline with extra cash i might use if we see a breakout with confirmation!
Thanks a lot for reading, your time is highly appreciated. If you enjoyed this , please make sure to hit LIKE.
welcometo this bitcoin analysis .
as you can see on the 4H chart bitcoin is in a triangle with 50/50 odds but is most likely to go down before we see a bounce up !
2900's region is strong support , i dont expect it to drop below but if we do so you can expect Blood in the space . if so i dont expect it to last long it wil be bought up straight away so if you
are out there trying to catch the bottom you wil most likely fail.
for now i just stay on the sideline with extra cash i might use if we see a breakout with confirmation!
Thanks a lot for reading, your time is highly appreciated. If you enjoyed this , please make sure to hit LIKE.
Nota
BTC is at the triangles lower trendline ; piercing it we can expect a breakout to the downside within 30 min!
GOOD luck !
Nota
here you can see another perspective of whats going on
Nota
this is actualy my trading plan. if we enter the black box im taking partial profits, il see how it goes. i havent drawn the fibs but the first price i would sell is the black dotted line thats the 0.78 fibs everything below i wont sell.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.