BitcoinUpdated Bitcoin reached last target or not ?!
Hello everybody , Welcome to my universe
Actually i'd like to apologize for my absence from the past period but there's nothing to say after my latest analysis
I said that we'll pump because falling wedge never lie , we reached the last target as i said
But what is next ?! .. As you can see there's 2 trend lines * Red & Blue * the summary is we need at least 1D candle above the red line to reach the new targets in the end of the real down-trend
The bearish vision: break-down the blue trend but i think this time we'll break the bottom to make a new one and this in case the bearish vision just happened
What should i do now ?!
Hold and wait for the break-out/down then take the decide to sell or to stay for the new targets
All what we need now is to keep following the chart continuously
Like & Follow if you see this analysis is helpful and to get every update
Actually i'd like to apologize for my absence from the past period but there's nothing to say after my latest analysis
I said that we'll pump because falling wedge never lie , we reached the last target as i said
But what is next ?! .. As you can see there's 2 trend lines * Red & Blue * the summary is we need at least 1D candle above the red line to reach the new targets in the end of the real down-trend
The bearish vision: break-down the blue trend but i think this time we'll break the bottom to make a new one and this in case the bearish vision just happened
What should i do now ?!
Hold and wait for the break-out/down then take the decide to sell or to stay for the new targets
All what we need now is to keep following the chart continuously
Like & Follow if you see this analysis is helpful and to get every update
Note
Actually we've reached our last target which is 3900 - 4000 zone , you can check my previous analysis to know why this was the last target There's a very clear bearish divergence on daily frame this give us signal to sell now and be in the safe zone and just keep watching after gaining our profits
Re-buy again in case we closed 1D candle above the blue trend with volume
Note
Bitcoin fractal or not ? doesn't matterHello everyone , I'd like to apologize for not interacting with the past period
I know that is the title so strange but i mean that if not fractal we can also take the right action , Just we need to stay above 3722 support to reach our targets but for the short-term i think 4030 is our last target not because of the fractal but also the volume is so bad .
But i'll open short position 3960 zone because this resistance is very strong and to reach our big targets such as 4150 & 4350 we need to stay above 3960 with a strong volume not fomo movement like the previous one
So keep your eyes on the current support 3722 and the next resistance 3960
i'll update after the next action
Note
Bitcoin update:There's a strong resistance between 3930 - 3960 you can sell there because a correction from this area is expected , keep in your mind that the break-out or break-down depends on the speed of the movement
Meaning that in the case of strong pump we'll break this resistance so easily , but current movement is slow and that means bounce is expected in addition to the bear flag
All these targets for short-term and i'll update in case we saw a different movement just all you have to do now is to follow the market well to gain your profits
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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.