-Yurlo (Please HIT the like button if you enjoy these visuals of my perspective towards what's in store for
BTC (Bitcoin) in coming months) ~ 👍
~ (this is not financial advice) ~
Things to consider: Price Action ~
#1: If we reject, 0.382 fibonacci level (9735 will (current support), will be flipped into resistance & we should retest 0.236 fibonacci level (7310
#2: (looking for a rejection of previous candle retest & a s/r flip into support)
#3: (resistance from Feb 12th 2018) ~ support flipped into resistance if we do happen to lose $10,200 USD ~ s/r flip.
#4: We also haven't had a close above fibonacci level 0.618 (13654) ~ only wicked to $12495 before rejection.
#5: Can't even think about fibonacci level 0.796 (16444) considering we've had over a $2000 USD rejection from the possible yearly top.
#6: Moving average'e indicate once we break $10,000 USD we should fall to around $9200 USD.
Stoch RSI:
#1: (broke down august 17th ~ 13495) ~ from support into resistance on (htf) charts ~ higher time frame.
#2: The downwards pressure indicates bearish pressure isn't over & we haven't yet reached that exhaustion phase ~ (yet)
This is just my perspective and how I'll be trading Bitcoin unless we have a major impulse and break $10,700 USD.
Best of luck to you all, and thank you for continuously supporting my idea's & perspective along my trading journey.
I'm glad to have you all here! ❤️
~ (this is not financial advice) ~
Things to consider: Price Action ~
#1: If we reject, 0.382 fibonacci level (9735 will (current support), will be flipped into resistance & we should retest 0.236 fibonacci level (7310
#2: (looking for a rejection of previous candle retest & a s/r flip into support)
#3: (resistance from Feb 12th 2018) ~ support flipped into resistance if we do happen to lose $10,200 USD ~ s/r flip.
#4: We also haven't had a close above fibonacci level 0.618 (13654) ~ only wicked to $12495 before rejection.
#5: Can't even think about fibonacci level 0.796 (16444) considering we've had over a $2000 USD rejection from the possible yearly top.
#6: Moving average'e indicate once we break $10,000 USD we should fall to around $9200 USD.
Stoch RSI:
#1: (broke down august 17th ~ 13495) ~ from support into resistance on (htf) charts ~ higher time frame.
#2: The downwards pressure indicates bearish pressure isn't over & we haven't yet reached that exhaustion phase ~ (yet)
This is just my perspective and how I'll be trading Bitcoin unless we have a major impulse and break $10,700 USD.
Best of luck to you all, and thank you for continuously supporting my idea's & perspective along my trading journey.
I'm glad to have you all here! ❤️
Note
A year after halving (2016 halving) ~ followed by 2017 pump. Then (2020 halving) followed by 2021 pump. In other words we aren’t going to ATH’s in 2020. Few understand.
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.
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.