Presently continuously monitoring this chart atm as the candles approaches the end of the sym-triangle. Need to wait for a break out and retest for confirmation.
Presently more bullish-biased after the recent fake-down with a strong rebound back into the triangle.
Presently more bullish-biased after the recent fake-down with a strong rebound back into the triangle.
Note
On the 4-hourly:Note
NOTE: Short-term bullish-bias completely erased if BTC falls below ca. 18.2k USDNote
Note
Note
Potential trade that I am looking out for once BTC breaks and retests the 20kUSD level:Note
Broken below the triangle:Note
BTC broken above the 20kUSD level, retested and found support!Note
[B]Daily Chart[/B]Next, BTC will need to puncture and find support above the red 100 SMA line before a possible continuation upwards:
The orange/grey line above is the 200 SMA.
Note
Bouncing off the 20k USD resistance turned support!Trade closed: stop reached
FTX black swan event dump.Stop-loss hit.
Note
Note
BTC will need to pierce above the red 21EMA and the red yellow resistance line for it to turn possibly short-term bullish again after the recent black-swan event:Note
BTC will now probably break the 78.6% level (FIB levels defined from the ATH and the bottom of the previous cycle). And if it does, the next support is the golden pocket at around 13.3-13.8k USD.
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.
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.