Higher and lower prices rejected. Range bound price trading
Hello Traders a look at update on the market.
BTC Nearly fooled us long again with a break to the upside.
As all my previous targets in my last charts have all been hit. We are still in the aftermath of a strong price rejection above $6800 until now until the major support between $6293 and $6256 I mention in my previous charts is all we seen hold so far. We have some weak buy volume testing the support here and being absorbed by the sellers and $6,400 being rejected. All my previous targets from my last chart have played out perfectly. Hope you all have profited!!
When I look at RSI and MACD levels and progression on 1H, 4H and Daily and other things since the Rising Wedge and bear flag today and a few other things again I would say it is very possible to see another pullback and break down from the rising wedge and through the fibs down to the retest of recent lows.
Now looking for not bounce but a break $6,256 before confirming anything deeper towards a break below $6250 who invalidate the inverse head and shoulders idea (Short $5,856.This is more of a longer time frame outlook) Always we have to wait and see what the market makers have in store for us in these situations. As always be ready to play the market both ways whatever the market markers throw at us and beat them at their own game.
If you found my previous chart and this one helpful please give a like and a follow. Everything I provide is free and for the betterment of the community. Remember everyday, new data. Hope to see you in our open community we are looking for other like minded individuals who are interested in the betterment of the space to contribute too. Take back the power!!
Stay Frosty!!
Thank you!!
BTC Nearly fooled us long again with a break to the upside.
As all my previous targets in my last charts have all been hit. We are still in the aftermath of a strong price rejection above $6800 until now until the major support between $6293 and $6256 I mention in my previous charts is all we seen hold so far. We have some weak buy volume testing the support here and being absorbed by the sellers and $6,400 being rejected. All my previous targets from my last chart have played out perfectly. Hope you all have profited!!
When I look at RSI and MACD levels and progression on 1H, 4H and Daily and other things since the Rising Wedge and bear flag today and a few other things again I would say it is very possible to see another pullback and break down from the rising wedge and through the fibs down to the retest of recent lows.
Now looking for not bounce but a break $6,256 before confirming anything deeper towards a break below $6250 who invalidate the inverse head and shoulders idea (Short $5,856.This is more of a longer time frame outlook) Always we have to wait and see what the market makers have in store for us in these situations. As always be ready to play the market both ways whatever the market markers throw at us and beat them at their own game.
If you found my previous chart and this one helpful please give a like and a follow. Everything I provide is free and for the betterment of the community. Remember everyday, new data. Hope to see you in our open community we are looking for other like minded individuals who are interested in the betterment of the space to contribute too. Take back the power!!
Stay Frosty!!
Thank you!!
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.