so BTC broke the major downtrend line in my previous analysis and followed the grey arrow.
Now we see a pretty significant reversal signal in 4H timeframe. Might be a good idea to sell a part of your position to enter lower later.
Please comment with any questions.
Look out for key reversal signals at each of the key supports/resistance levels - (like the RSI divergence we are seeing now at a key resistance level)
This is just for educational purposes and is not trading advice. you must make your own decision.
Be safe out there! dont have fomo.
Now we see a pretty significant reversal signal in 4H timeframe. Might be a good idea to sell a part of your position to enter lower later.
Please comment with any questions.
Look out for key reversal signals at each of the key supports/resistance levels - (like the RSI divergence we are seeing now at a key resistance level)
This is just for educational purposes and is not trading advice. you must make your own decision.
Be safe out there! dont have fomo.
Note
heres my previous idea - we broke out early and followed the grey arrow scenario
Note
if the bull is strong might bounce off of 4180. If bearish pressure is stronger then might bounce off of 3950-3800 areaNote
upward breakout.. might go up higher.Note
Going to 4K? watching for my key target entry zoneNote
bounced off of resistance turned support and now pierced 1st resistance (which is now support) on to 4600?Note
Following the first blue arrow scenario and hitting what I labeled as 4th major resistance. RSI is very high so expecting some pullback here. I'll be looking to buy back around 4450-4300 rangeNote
Pierced 4th resistance in one go... might see a small retrace to 4600 before mooning
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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.