BTC (Y20.P3.Video5).Here are the signs and when to enter
Updated
Hi All,
This video is technical analysis but also a training video in some ways and\or a guideline on what to look for to enter this pullback.
Newbies, don't miss this lesson.
I might be a good idea to do a followup video later on and talk about the lessons learnt, so those who are interest, please say yes below.
I'll leave at that as the video explains the key points on the BTC price chart and what to look for and why?
Cheers,
S.Sari.
4 HRLY chart with moving averages as support + looking at the indicators reversal sign
12 HRLY chart with moving average as support + looking at the indicators reversal sign
Overall lines
Why the daily is not considered
This video is technical analysis but also a training video in some ways and\or a guideline on what to look for to enter this pullback.
Newbies, don't miss this lesson.
I might be a good idea to do a followup video later on and talk about the lessons learnt, so those who are interest, please say yes below.
I'll leave at that as the video explains the key points on the BTC price chart and what to look for and why?
Cheers,
S.Sari.
4 HRLY chart with moving averages as support + looking at the indicators reversal sign
12 HRLY chart with moving average as support + looking at the indicators reversal sign
Overall lines
Why the daily is not considered
Comment
The 4 hrly chart is not working for me, in this scenario.Why?
Looking at the 15 min. chart, my bullish 4 HRLY candle stick is not going to happen.
Also looking at the trend line more accurately, we were actually underneath it.
As I said, to take the order we required a bullish 4 hrly candlestick.
For BTC, I will now shift my view from 4 hrly to 6 hrly based on candle sticks, to see what it does <if the price does not drop any further>
Hope that makes sense.
If the price drops further, like I discussed towards the end section of the video, it would likely go to the desirable scenario, onto the 9400 range\major support level (historical resistance) with the added value of the 0.618 fib level and trend line.
We need to take price movement at each stage. Price has not dropped so I will then look for a longer period and a stronger candle stick on the bigger time frames. FYI, my indicator is also backing my decision not to go in.Its still in the negative area and potentially saying more lows to come. 9400 looks more so.
tradingview.com/x/pBgZDufR/gview.com/x/ZIBpuK1e/
Comment
Comment
Better odds with the ALTs.Comment
Here is the 12 hrly and 6 hrly view so far. We have 1 1/2 for the 6 hrly. In this case, it needs to close above the resistance.Order cancelled
I didn't expect this low, nether the less, it was a good decision to still to the methodology than succumb to FOMO.Comment
I didn't expect this low, nether the less, it was a good decision to stick to the methodology than succumb to FOMO.
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This community has signals now but with no risk management comms.
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