So we have this long standing 4h trend going on for BTCUSD, which forms a sweet triangle ending approx tommorrow.
Also, GodMode (I love this oscillator, thanks xSilas) on 4h is very good at predicting drops, as depicted here.
More down to come. At least back to the lower triangle.
Also, GodMode (I love this oscillator, thanks xSilas) on 4h is very good at predicting drops, as depicted here.
More down to come. At least back to the lower triangle.
Nota
Red lines are bearish, Green lines are bullish.The outside red lines are a downward triangle on the 4h timeframe.
The rising wedge we've been on for 58h is holding, with nice support at 10.9k (horizontal gree line).
The downtrend we have been on for 16h just exited upward (hence the green lines). We are now going again to test the top of the 4h downwards triangle.
Nota
Wrong chart... That's better, green lines on the downtrend.Also, note we're on the 1h timeframe here, not 4h like the main chart.
Nota
Still caught in the longer TF downtrend, ranging for a few hours I guess? Until the futures expire maybe (or that could be a non event).Nota
We're getting close. Current short term indicators say it will break up, but longer term looks like we will break down. Not taking a position right now.Nota
Doesn't look right to stay bear, but I'll keep open to keep reference points of when to go bear mode again.
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.