So bitcoin finally reached it's bottom around 7300k USD for now. The reversal it did was pretty dramatic with the uprising long green candle then followed with fragile steps of the hesitate candles toward resistance trendline (red stripe). Previously I only awared of the bull trap resistance (red stripe) as my confirmation to reversal signal by forming higher high.
BOOM! few hours ago, it through the purple stripe and red stripe. Just when it's gonna be a heroic bearish ending. Bitcoin slip away immediately and got dragged again by the bear as I'm writing this.
EMA7 & EMA21 had formed golden cross which is sign of rally trend. Bitcoin also still slightly above EMA7. For now, we may just have to ate popcorn anxiously and wait for this intensified plot twist ends. If the following candle closes below EMA21, it'll gonna be a hell damn thriller ride. If it's succeed closes above resistance trendline again, well bitcoin gonna be heading to next target at 9.800k
BOOM! few hours ago, it through the purple stripe and red stripe. Just when it's gonna be a heroic bearish ending. Bitcoin slip away immediately and got dragged again by the bear as I'm writing this.
EMA7 & EMA21 had formed golden cross which is sign of rally trend. Bitcoin also still slightly above EMA7. For now, we may just have to ate popcorn anxiously and wait for this intensified plot twist ends. If the following candle closes below EMA21, it'll gonna be a hell damn thriller ride. If it's succeed closes above resistance trendline again, well bitcoin gonna be heading to next target at 9.800k
Nota
If the price breached below EMA21, bitcoin will heading to test previous low on 7.3k USD or 7k USD where it lies major support trendlineNota
Bitcoin just broke the bull trap. Don't worry 8.900k is just a pause. Will go up again between 9.300k - 9.800kNota
The candle will about to arrive on right shoulder of inverted H&S pattern around 8.250 - 8.350 USD and reversal to the neckline at 50% retracement 8.9k USD in about 2 day ahead
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.