BitcoinLong
BTC inverse ! What can you see?
Updated
Hello trader,
Nice weekend and profitable deals 💲
In the main chart we can see on the 4h INVERSE BTC chart !
I realized that I was concentrating a little too much on the 2018 fractal, even if it has served me well so far ...
So, take a step back and turn the chart upside down to gain another perspective and to dispel prejudice. This chart is not intended for action. Just for you and me to think about !!
After breaking the triangle sharply and falling to 31K, the bulls defended the bottom of the range, with the help of the 1D MA300 support and kicked the price back to the triangleresistance
and formed very nice candles in the 1D chart.1x hanging man and 1x engulfing .
RSI shows and a regular bullish divergencee and a hidden bearish divergence. The price action deserves much more attention .
From a MA perspektive we can see a 1D MA20/200 deathcross, and a 1D MA50/200 deathcross will follow.
Most of the time the price rises after a deathcross before it drops further. That would also fit my idea. A short-term recovery to end a 4th wave in the 0.382 retracement area .
Let's take a closer look at the range
1. Momentum
15m - 1h - 4h - 1D
We broke out of the upward channel, but are still doing pretty well IMO
If the assumption is correct that we are currently in Wave2 we could draw an iv H&S. In this area I will look for LONG entries ,with a target of 40- 42k
Here are my thoughts on the intrinsic value of BTC
FIB roadmap works
I would like to mention that all I post are just options and my own opinion !
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
Unfortunately, my english is not so good and I work with google translate, but if you have any questions I will be happy to answer them .
➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️
Thanks TradingView for the support, and to everyone who helps keep this great site up and running .
and my followers, I am happy about every single like !
Thanks for reading my ideas,
Trade save!!
Nice weekend and profitable deals 💲
In the main chart we can see on the 4h INVERSE BTC chart !
I realized that I was concentrating a little too much on the 2018 fractal, even if it has served me well so far ...
So, take a step back and turn the chart upside down to gain another perspective and to dispel prejudice. This chart is not intended for action. Just for you and me to think about !!
After breaking the triangle sharply and falling to 31K, the bulls defended the bottom of the range, with the help of the 1D MA300 support and kicked the price back to the triangleresistance
and formed very nice candles in the 1D chart.1x hanging man and 1x engulfing .
RSI shows and a regular bullish divergencee and a hidden bearish divergence. The price action deserves much more attention .
From a MA perspektive we can see a 1D MA20/200 deathcross, and a 1D MA50/200 deathcross will follow.
Most of the time the price rises after a deathcross before it drops further. That would also fit my idea. A short-term recovery to end a 4th wave in the 0.382 retracement area .
Let's take a closer look at the range
1. Momentum
15m - 1h - 4h - 1D
We broke out of the upward channel, but are still doing pretty well IMO
If the assumption is correct that we are currently in Wave2 we could draw an iv H&S. In this area I will look for LONG entries ,with a target of 40- 42k
Here are my thoughts on the intrinsic value of BTC
FIB roadmap works
I would like to mention that all I post are just options and my own opinion !
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
Unfortunately, my english is not so good and I work with google translate, but if you have any questions I will be happy to answer them .
➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️
Thanks TradingView for the support, and to everyone who helps keep this great site up and running .
and my followers, I am happy about every single like !
Thanks for reading my ideas,
Trade save!!
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BOOM: 1st target reached. What a powerful movement overnight, IMO looks like a 3-pulse wave. What I don't want to see is a retracement below 0.382, not 0.5 - 0.618 as usual. If this happens I'll be assuming much higher prices. Currently the price is just below the 0.382 of the entire depreciation movement. Highest probability zone for the Wave 4 target. I put my stop at 38.6k, but it's not set in stone. I think so many Stops are around 42k. Great potential for a shortsqueeze. So shorting is there.Note
1d Ichimoku Baseline and upper BB is currently pushing us down and forming a 1D Doji, but we still have 5 hours to finish the day.
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Strong reaction at 0.382 retracement. Follow exactly the green arrow from the weekly chart (Money on the siding). I want to see buyers enter, if we keep falling now i won't give the rally a chanceNote
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