Hi,
Happy New Year my dear followers, wishing you 12 months of success, 52 weeks of laughter, 365 days of fun, 8760 hours of joy, 525600 minutes of good luck and 31536000 seconds of happiness. ;)
I cannot make any deep analysis but I determined a pretty decent buy area. After quite quiet holidays the price has reached to the possible short-term buy area.
Green-short-term-reversal area consists of:
1. Channel projection
2. AB=CD
3. Fibonacci Golden Ratio 62%
4. Fibonacci Extension 127%
5. The round number of $7,000 adds a bit strength to the reversal area.
6. Previously worked support level.
7!! Wait for a bullish candlestick pattern. You can wait for it from 1H+ timeframes and if you cannot determine it then do not take this trade!
Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Regards,
Vaido
Happy New Year my dear followers, wishing you 12 months of success, 52 weeks of laughter, 365 days of fun, 8760 hours of joy, 525600 minutes of good luck and 31536000 seconds of happiness. ;)
I cannot make any deep analysis but I determined a pretty decent buy area. After quite quiet holidays the price has reached to the possible short-term buy area.
Green-short-term-reversal area consists of:
1. Channel projection
2. AB=CD
3. Fibonacci Golden Ratio 62%
4. Fibonacci Extension 127%
5. The round number of $7,000 adds a bit strength to the reversal area.
6. Previously worked support level.
7!! Wait for a bullish candlestick pattern. You can wait for it from 1H+ timeframes and if you cannot determine it then do not take this trade!
Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Regards,
Vaido
Note
UPDATE: The current 1H candle close above 7k and this trade are valid because we get a Morning Star on 1H chart!Trade closed: target reached
A textbook "Bullish Engulfing" on the 1H chart and the major target is done!Hopefully, you start to get why I say almost every time: "wait for a candlestick pattern and let the price action guides you into the trade!"
Happy New Year!
Note
New BTC analysis, fresh thoughts, fresh patterns:
Regards,
Vaido
🔍I do the technicals - so You don’t have to.
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
Related publications
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.
🔍I do the technicals - so You don’t have to.
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
📊Follow my research on Substack:
👉vaido.substack.com/ - ENG
👉vaidoveek.substack.com/ - EST
🚀 Actionable market analysis, ideas, and education
Related publications
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.