Alright ladies and gentlemen, bears 1hr tf party almost completed.
Vertical blue line is where it ends and Bulls take over again, so whatever price drops when it reaches that vertical blue line (if not sooner) that will be it and will start bouncing.
Now, if the bounce starts from a point too low (near $100k ) and doesn't breaks above $107k again then brace for a hard landing next week cause bulls are getting weaker and weaker on every drop and if this pattern continues then we will see numbers below $100k by next week.
It is very important for price to end this week candle above $109k .
Buckle up ladies and gentlemen, we are heading for a rough end of week.
Best areas to enter for next bounce are below $102500 with liquidation point below $100k with low lev recommended. Use lev wisely.
Know the rules of the game....play it right. Have a nice trading day.
Vertical blue line is where it ends and Bulls take over again, so whatever price drops when it reaches that vertical blue line (if not sooner) that will be it and will start bouncing.
Now, if the bounce starts from a point too low (near $100k ) and doesn't breaks above $107k again then brace for a hard landing next week cause bulls are getting weaker and weaker on every drop and if this pattern continues then we will see numbers below $100k by next week.
It is very important for price to end this week candle above $109k .
Buckle up ladies and gentlemen, we are heading for a rough end of week.
Best areas to enter for next bounce are below $102500 with liquidation point below $100k with low lev recommended. Use lev wisely.
Know the rules of the game....play it right. Have a nice trading day.
Trade active
Bitcoin shouldn't be playing lazy while in the last stage of its 4hrs Bullish TIME Cycle.By now it should be heading with power to test the ATHs but instead is just playing lazy and that's NOT good for the trend NOT at this point in TIME.
At candle close we'll post a chart from the Daily pov. Up to now is NOT looking good. Stay tuned.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.