Looking for a big trade and structures have been hard to come by.
Bitcoin is in a falling wedge of sorts, with 2 top res draw points.
Drawn a few fibs for if it doesnt break previous low, fibs will be invalidated if so.
In this idea im looking for a play to the upside, ftx contagion is still around, in which case if this does break below - take a look at my previous idea on where bear markets always bottom as we will be close to that one level.
Gl and god bless
Bitcoin is in a falling wedge of sorts, with 2 top res draw points.
Drawn a few fibs for if it doesnt break previous low, fibs will be invalidated if so.
In this idea im looking for a play to the upside, ftx contagion is still around, in which case if this does break below - take a look at my previous idea on where bear markets always bottom as we will be close to that one level.
Gl and god bless
Nota
With the rejection off the 0.236 on this upwards channel within the chart above.A move down first could be likely, would like to see it not make a newer low purely for the fibs to remain in play
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could be hammer time
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cpi pump to the top
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Perfect touch and rejection off of the 0.382. Couldnt get a close above channel so shorts were entered, sl moved into profit. This may take some time but expecting this to break down out of the upwards channel. Going to the lower region of the wedge and then beeeg looong time.Nota
Bounce on .236. Rejection at mid range. Hovering on lower channel support. IF it holds, back up to .236 then hammertimeNota
on our way to the giga long zone
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Nice breakout above back into old channel, fib and next trend above. Nota
Big res here. Important directional move coming. Note Fibs, and top of wedge downtrend Nota
1 hour and 4 hour stochs bottomed.Primed and ready to push up
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Tmie to come retest the fib?Nota
Still eating this fibNota
Beautiful multiple retest of fib. Right back up and through downtrend. Eyes higher nowNota
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Fib pause
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.