High Time Frame 3 Drives Pattern down to October
NOPIUM
I wanted to share a bearish thought that I think has merit whilst we are all talking about the new bull run to BTC at $250,000 by next week idea.
I'm hoping the rest is clear enough.
FIB Time has been something I have used, ignored and then regretted before. Whilst nothing is a guarantee, In the past, it has given me dates within a few days of where it landed.
This time, it's showing that IF we do start to grind down over the next couple of months, it ends somewhere around the 4th - 7th of October.
Price Levels
Untested resistance around $48,000 - $49,000
Above us right now, we have a weekly Order Block, the whole range Point of Control and the Value Area High not too far away. Coupled with the untapped Weekly level, I see this area as pretty good resistance until proven otherwise.
Price levels:
Somewhere between $67700 and $69000
If anybody has any thoughts, I'd love to hear them.
Charted for
BTCUSDT.P
I wanted to share a bearish thought that I think has merit whilst we are all talking about the new bull run to BTC at $250,000 by next week idea.
- The Blue lines - FIB TIME
- Purple lines - 3 Drives Pattern
I'm hoping the rest is clear enough.
FIB Time has been something I have used, ignored and then regretted before. Whilst nothing is a guarantee, In the past, it has given me dates within a few days of where it landed.
This time, it's showing that IF we do start to grind down over the next couple of months, it ends somewhere around the 4th - 7th of October.
Price Levels
Untested resistance around $48,000 - $49,000
Above us right now, we have a weekly Order Block, the whole range Point of Control and the Value Area High not too far away. Coupled with the untapped Weekly level, I see this area as pretty good resistance until proven otherwise.
Price levels:
Somewhere between $67700 and $69000
If anybody has any thoughts, I'd love to hear them.
Charted for
BTCUSDT.P
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.