As we see on this 4 H chart, we found support at the 0.382 Fib level after a massive sell of. I was not seeing this coming. My bad...
I hope that we are stable now and will continue the way up on our 5th wave. 1 D chart EMA Ribbon support hold us really good. Now we are also in the oversold area again, which can pump us back up again. We need some decent volume to get back on track again. Some positive news would also help BTC
We need to close above 7700 today, for me, it would be a bullish sign to go long again.
Happy trading!
*This is not an financial advice, this is only an idea. Do your own research and act on your responsibility.
I hope that we are stable now and will continue the way up on our 5th wave. 1 D chart EMA Ribbon support hold us really good. Now we are also in the oversold area again, which can pump us back up again. We need some decent volume to get back on track again. Some positive news would also help BTC
We need to close above 7700 today, for me, it would be a bullish sign to go long again.
Happy trading!
*This is not an financial advice, this is only an idea. Do your own research and act on your responsibility.
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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.