BTCUSDT UPSIDE-DOWN IN A BEARISH DEMAND TO 53K
Good afternoon!
Updating the predicting. Short Is the condition for the next 24h.
As you can see BTC Is falling to the 53k Demand Zone before a new bullish movmnt.
After a validation of the 0.786 Fibonacci Retracement level we have a short-setup to a new phase of fall in tendance to go to the Demand Zone of the 53K region wich price action Is on conjuction w/ the Big M (Double Tops) chart pattern as you can ser descripted in the beat-selling book CHART PATTERNS: AFTER THE BUYING by the author BULKOWSKI, Thomas N.
Thanks for your attention. Have a nice profitable day trading!
Updating the predicting. Short Is the condition for the next 24h.
As you can see BTC Is falling to the 53k Demand Zone before a new bullish movmnt.
After a validation of the 0.786 Fibonacci Retracement level we have a short-setup to a new phase of fall in tendance to go to the Demand Zone of the 53K region wich price action Is on conjuction w/ the Big M (Double Tops) chart pattern as you can ser descripted in the beat-selling book CHART PATTERNS: AFTER THE BUYING by the author BULKOWSKI, Thomas N.
Thanks for your attention. Have a nice profitable day trading!
Note
Hi traders! Is important appoints that the Big M Is in the daily time frame. We can expect re-breakout of the valley of the tops wich in a average rate, according metrics by BULKOWSKI, fall 17%. The region of the 53k Is a logical target in the price action, also validated by the Fibonacci Retracement short setup.Note
The condition of overbought in the ESCGO_LB Oscillator Is a strong signal for a bearish term. Thais Oscillator Is a Ehler's adaptación of the stochastic RSI.
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.
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.