BTC QUICK UPDATE! RISING FLAG
Hi, folks! I didn't post anything for a while, because previous targets remain intact and there is not to much I can add.
However, some traders got tired from the downtrend, that's why they forcing the trades trying to call this a bottom.
As you can see, RSI currently ~50 remaining neutral for move in both ways, but BTC painted a big bearish flag which means that discounts are coming soon.
Up to how far it will go, we can break the neckline oh the H&S that I discussed previously, and it may lead to not just discounts, but the real Black Friday(The target of inverse this H&S is 3700)
The area between 6050 and 7150 is a real no-trade zone(NO-NO!)
You probably saw what happened yesterday with those who went long on pure FOMO disregarding TA. They got rekt and already under the water.
Patience will be rewarded.
Chears!
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
However, some traders got tired from the downtrend, that's why they forcing the trades trying to call this a bottom.
As you can see, RSI currently ~50 remaining neutral for move in both ways, but BTC painted a big bearish flag which means that discounts are coming soon.
Up to how far it will go, we can break the neckline oh the H&S that I discussed previously, and it may lead to not just discounts, but the real Black Friday(The target of inverse this H&S is 3700)
The area between 6050 and 7150 is a real no-trade zone(NO-NO!)
You probably saw what happened yesterday with those who went long on pure FOMO disregarding TA. They got rekt and already under the water.
Patience will be rewarded.
Chears!
//This information is not a recommendation to buy or sell. It is to be used for educational purposes only//
Nota
Price slowly moves to 7150 as expected, and I decided to try calling a timeframe which I never do normally. I expect it to reach 7050 in the next 3 days, and 5200 by September 17. Let's see how accurate could be a time predictions. Nota
Did I promise you 7050 in three days? Here we go :)
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.