hello everyone
looking at the chart, we have:
1-in daily basis we can see a head and shoulders bottom pattern which need to be completed in next 2-3 days so this is obvious that we can considering a bullish move to next major residence on 52000+.
but volume is against the current daily trend!
2-when focusing on current weekly candle and situation he saying us, oh man i think we need more correction here! considering following:
So, if we look at the uptrend with a positive outlook, the best thing may happen is a range trend between 45500-36500 in bigger view and a range trend between 45000-39500 (or 40800) on daily basis but any close more than 44500 may start bullish move to 52000 .... and I see a new bearish trend will start from there to 42000 and then 29800 (current major bearish target).
looking at the chart, we have:
1-in daily basis we can see a head and shoulders bottom pattern which need to be completed in next 2-3 days so this is obvious that we can considering a bullish move to next major residence on 52000+.
but volume is against the current daily trend!
2-when focusing on current weekly candle and situation he saying us, oh man i think we need more correction here! considering following:
- [a Pindar candle on top of current movement--i researched same looking bearish weekly Pindar candle on BTC chart (18 -25 Oct 2021) and detected that prices may go up a little then start going down again ! *]
[broken long term uptrend and its look like we just pulled back on him!(42500-43400)*]
[and MACD is against the weekly chart uptrend (Divergence)*]
So, if we look at the uptrend with a positive outlook, the best thing may happen is a range trend between 45500-36500 in bigger view and a range trend between 45000-39500 (or 40800) on daily basis but any close more than 44500 may start bullish move to 52000 .... and I see a new bearish trend will start from there to 42000 and then 29800 (current major bearish target).
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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.