Btc strange confluence of signals for a sell
The flowing signals are all bundles up together at the same spot on 2h
Trend line drawn in for support that turned into resistance
Kunjin
The middle line of bollinger band
Prediction spot for 4th wave Elliot wave pattern.
Combination of signals convergance is making me think that we could see a break of support I. Btc.
THE buy signal based on candle patterns was not a bad one but the daily did not confirm the same strenght as other time lines from 5 to 4h
The 4h time frame we see a classic bearish ingulfing after uptrend confirming the trendline as resistance and its not touching the middle line of Bolling band
The 1h time frame shows that the cloud is thick
Btc was not able to move to top of the cloud as before could this. Be another indecation that the bulls are loosing control
Trade save guys
Trend line drawn in for support that turned into resistance
Kunjin
The middle line of bollinger band
Prediction spot for 4th wave Elliot wave pattern.
Combination of signals convergance is making me think that we could see a break of support I. Btc.
THE buy signal based on candle patterns was not a bad one but the daily did not confirm the same strenght as other time lines from 5 to 4h
The 4h time frame we see a classic bearish ingulfing after uptrend confirming the trendline as resistance and its not touching the middle line of Bolling band
The 1h time frame shows that the cloud is thick
Btc was not able to move to top of the cloud as before could this. Be another indecation that the bulls are loosing control
Trade save guys
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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.