as you can see in the chart IF BTC can break the 0.618 Fibo with good volume and strong momentum (which it didn't happened yet) we can expect the resume of the bullish movement to the top of the parallel channel which is "10200" and then i'll have to update the chart for next targets. BUT if it fail again i can expect a fallback to range move between 9400 and bottom of the parallel channel and in WORSE scenario down to ichimoku cloud "8900" and then i'll have to update the chart again for targets.
follow capital management and your OWN RESEARCH before doing any trades. peace.
follow capital management and your OWN RESEARCH before doing any trades. peace.
Note
here's another view. i updated my drawings so we get rid of additional stuff.
we are still in parallel channel and my opinion is still remains the same.
Trade active
hey guys. BTC is have to decide between testing the 10350 resistance or getting on Kijun Base line (the blue bold line) support which is 9800 for now. its not a good time to have altcoin positions. (my trades are still active. ADA and SNM) its a good time to scalp. peace.
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.