Crypto market the full of FOMO now because of:
* XRP rally (start with PNC Bank and soon launch of xRapid)
* VIBE multiple squeeze on last week with x2 gainers
* Confusing BTC outside bar
All of this create many count of FOMO and emotional trades that create a ideal conditions for massive short squeeze.
Waiting retest 6k levels and may be 5800 levels will be touched.
About TA:
* We are near strong resistance 6800
* Ichimoku shows end of the red cloud
* Short-term price action shows active positions selling
* XRP rally (start with PNC Bank and soon launch of xRapid)
* VIBE multiple squeeze on last week with x2 gainers
* Confusing BTC outside bar
All of this create many count of FOMO and emotional trades that create a ideal conditions for massive short squeeze.
Waiting retest 6k levels and may be 5800 levels will be touched.
About TA:
* We are near strong resistance 6800
* Ichimoku shows end of the red cloud
* Short-term price action shows active positions selling
Note
BTC ready to go to the top border of resistance at 6800-6850Note
Interesting fact about last BTC falls - it happen at 8:00 UTC 4h candle.Note
BTC touch important trendline.Now it looks like a strong hands. But we need a time to see it.
Because untill this day close 6 hours and many things can happen.
If it goes up - we are a many probabilities for success trades.
If it goes down - buying now we still can take many losses especially on the small currencies.
Note
We have a signal and doji candle. Possible moves to the 7000-7200 level.Note
Today I wanna show to you a hidden line of uptrend resistance. That created on last low and we was break it 5 sept. Now this is a mainly resistance line for uptrend channel.Also you can see that RSI touch resistance level and now moves into rising wedge (reversal pattern).
Note
Just show support and resistane of possible formed downtrend channel for next several days.Note
BTC 4h RSI EMA resistanceNote
Break this line will mean short-term bullish trend. Reject will mean short-term bearish trend.
Note
Price going to retest 6580Note
Time pattern continuation - 4h 8:00 UTC is the most popular time for falling down.This is the secod chart about this pattern, first chart you can see here above.
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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.