BTC- USD rally, 0.382 and deathcross put BTC under pressure !
Updated
Hello trader,
Nice weekend and profitable deals đź’˛
After a good rally of 10,000 points, the bulls failed on the 0.382 retracement.So far it follows the green arrow exactly, one of my older posts.Fib channels also work well .
It actually looked pretty good at the beginning, but in the end the buyers were simply too weak and we broke again under the previous support.
The enormous strength of the dollar (as we can see in the diagram on the right) doesn't make it any easier, of course, and it came to an end this week, the entire market was brought to their knees.
The dethcross is also giving the bears a further boost.
Bulls have to break these 2 important trend lines for the time being and then continue to rise with conviction from tomorrow at the latest.
Also here in the 4h diagram we can see a 20/200 deathcross. 50/200 deathcross in the making.I give bears a better chance, but will reassess wave by wave .
support 35k. 34k. 33k.
Momentum
Here 1d MA and Ichimoku support and resistance
and support at 35k. 34k. 33k.
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.
➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️
Thanks for reading my ideas,
Trade save!!
Nice weekend and profitable deals đź’˛
After a good rally of 10,000 points, the bulls failed on the 0.382 retracement.So far it follows the green arrow exactly, one of my older posts.Fib channels also work well .
It actually looked pretty good at the beginning, but in the end the buyers were simply too weak and we broke again under the previous support.
The enormous strength of the dollar (as we can see in the diagram on the right) doesn't make it any easier, of course, and it came to an end this week, the entire market was brought to their knees.
The dethcross is also giving the bears a further boost.
Bulls have to break these 2 important trend lines for the time being and then continue to rise with conviction from tomorrow at the latest.
Also here in the 4h diagram we can see a 20/200 deathcross. 50/200 deathcross in the making.I give bears a better chance, but will reassess wave by wave .
support 35k. 34k. 33k.
Momentum
Here 1d MA and Ichimoku support and resistance
and support at 35k. 34k. 33k.
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.
➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️
Thanks for reading my ideas,
Trade save!!
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