BTC (Y20.P1.E8).The.Decider
Updated
Hi All,
* This post is all about the micro or medium level TA.
I'm still bullish however the second attempt told the story that this round we will not break the top of the channel.
So we have this mid section (orange area) to be the decider.
> If we go below the trend line, then it looks like a H&S which will drive the price to the bottom of the channel, for another good opportunity.
> If,unlikely, the price has a strong response, engulfing candle, on the 1 to 4 hr chart, then we have the 8800 target.
At this point, I would say its more likely we visit the bottom of the channel, as per the chart.
At the MACRO level, I still feel we have the bottom in.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
* This post is all about the micro or medium level TA.
I'm still bullish however the second attempt told the story that this round we will not break the top of the channel.
So we have this mid section (orange area) to be the decider.
> If we go below the trend line, then it looks like a H&S which will drive the price to the bottom of the channel, for another good opportunity.
> If,unlikely, the price has a strong response, engulfing candle, on the 1 to 4 hr chart, then we have the 8800 target.
At this point, I would say its more likely we visit the bottom of the channel, as per the chart.
At the MACRO level, I still feel we have the bottom in.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari /CryptoProspa
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Its a difficult one to call.The big play on the fake H&S with the spike and then dump to the 7K level tells me that they are in control. Allowing this to slowly go up with not much conviction doesn't give me much confidence to the upside.
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I'm not experienced enough to know all the patterns with many indicators. I'm sure there are patterns if interpreted correctly, it tells you a story. Henc I have picked this pattern up on the RSI (15 min chart ) and I am to believe that this is likely a spill over pattern. Comment
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Just a thought, time will tellComment
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Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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