BTC (Y20.P2.E7).What next?
Updated
Hi All,
** Continuing from a post some time back (link below) **
Just going to make this short as we are still on uncertain grounds.
So if you have BTC, hold and if you don't, I would wait for the levels outlined below.
Now that we got more data, we see that the rejection at ~10200 level, aligns accurately with the Macro 0.5 fib level.
The BEARISH div. is playing out and I have my eyes on 2 spots.
a) The daily 13 or 20 EMA level which should correspond to the strong resistance area (now support) of 9500-9600 price range.
b) The 4 HRLY chart (left) and its trend line.
Note: RSI on the DAILY, bottom trend line in tact and OBV - with EMA still bullish. All good signs we are still in uptrend.
If we break the trend on the daily, then its time to reconsider the approach. This will be the 9200 range.
My previous post has the fib levels well shown.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari
(for my reference > Watchlist chart)
For close up views
Another perspective...I'm hoping the handle part is fullfilled because this will give BTC a good target.
What am I looking in the handle part, a downward channel or wedge of some sort.
** Continuing from a post some time back (link below) **
Just going to make this short as we are still on uncertain grounds.
So if you have BTC, hold and if you don't, I would wait for the levels outlined below.
Now that we got more data, we see that the rejection at ~10200 level, aligns accurately with the Macro 0.5 fib level.
The BEARISH div. is playing out and I have my eyes on 2 spots.
a) The daily 13 or 20 EMA level which should correspond to the strong resistance area (now support) of 9500-9600 price range.
b) The 4 HRLY chart (left) and its trend line.
Note: RSI on the DAILY, bottom trend line in tact and OBV - with EMA still bullish. All good signs we are still in uptrend.
If we break the trend on the daily, then its time to reconsider the approach. This will be the 9200 range.
My previous post has the fib levels well shown.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari
(for my reference > Watchlist chart)
For close up views
Another perspective...I'm hoping the handle part is fullfilled because this will give BTC a good target.
What am I looking in the handle part, a downward channel or wedge of some sort.
Note
On second thought, 9200 range is more likely as a bounce > based on how BTC pulled back at major resistances.Note
Just maybeTrade closed: stop reached
It turned out to be the daily 13 EMA. I did buy in at this level but not enough to my liking. As many I thought the 20 EMA would be it. This is good as it shows that 11k is realistic.I have my eyes on 2 spots.
a) The daily 13 or 20 EMA level which should correspond to the strong resistance area of 9500-9600 price range.
b) The 4 HRLY chart (left) and its trend line
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This community has signals now but with no risk management comms.
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