Bull trap for days. Just be patient.
Telah dikemas kini
First thing I hav to say!
Please focus on the trading volume , every time when the price goes up, we can't see any actual growth of the volume .
(probably just 5%~10%)
But every time when btc 1.51% gets into horizontal price movement, we can actually see huge decrease on the trading volume .
(probably more than 20%)
How do you think this kind of volume could make the bull defeat the bear?
If you admit these truths, you might think this chart is a possible scenario.
1. The price still slowly rising but almost getting closer to the black downtrend channel line.
And there is also .236 fib retrace at 7350.
2. Rsi divergence. Price still around 7k but obviously there is the low relative strength.
3. Btc 1.51% still in the downtrend channel and we can see the formation of ABC correction wave. There is also a small h&s pattern almost completed.
As I said before:
Bull still manages to make a downtrend channel breakout. Personally I think it will happen after this zigzag correction completed.
So do the whales gonna show their trap? I think its soon.
Please focus on the trading volume , every time when the price goes up, we can't see any actual growth of the volume .
(probably just 5%~10%)
But every time when btc 1.51% gets into horizontal price movement, we can actually see huge decrease on the trading volume .
(probably more than 20%)
How do you think this kind of volume could make the bull defeat the bear?
If you admit these truths, you might think this chart is a possible scenario.
1. The price still slowly rising but almost getting closer to the black downtrend channel line.
And there is also .236 fib retrace at 7350.
2. Rsi divergence. Price still around 7k but obviously there is the low relative strength.
3. Btc 1.51% still in the downtrend channel and we can see the formation of ABC correction wave. There is also a small h&s pattern almost completed.
As I said before:
Bull still manages to make a downtrend channel breakout. Personally I think it will happen after this zigzag correction completed.
So do the whales gonna show their trap? I think its soon.
Nota
Congratulations to those who follow this chart!We had a victory yesterday. But we still have lots of things to do.
So I will keep working hard to provide high quality predictions for u guys.
Pesanan dibatalkan
Wave 1 is completed. But its too risky to take the wave 2 right now.(There's still chance btc will rise to 6900 but u hav to focus on the trading volume and Rsi divergence.) I will update my new chart ASAP after leaving office. lol
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.