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Naked View with S/R and Supply/Demand #
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*Second failed attempt(s) to break Supply Zone(XX/09/2019)
*Third failed attempt to break Supply Zone(28/04/2020)
*If the fourth push works as anticipated and breaks the Supply Zone and retest the top of the channel,
we can expect a push to the top with a 64% move.
(The Pink trendline is an extended trend line from the top. It could be an invalid one, but supporting this scenario)
This scenario will based on the action of BTC around the halving time period. This scenario will be invalidated, if the intermediate support is broken below 740
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Indicator view #
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Volume is picking up. RSI/CCI/DMI showing momentum.
A MACD cross on the daily will confirm a move.
Naked View with S/R and Supply/Demand #
#######################################
*Second failed attempt(s) to break Supply Zone(XX/09/2019)
*Third failed attempt to break Supply Zone(28/04/2020)
*If the fourth push works as anticipated and breaks the Supply Zone and retest the top of the channel,
we can expect a push to the top with a 64% move.
(The Pink trendline is an extended trend line from the top. It could be an invalid one, but supporting this scenario)
This scenario will based on the action of BTC around the halving time period. This scenario will be invalidated, if the intermediate support is broken below 740
#################
Indicator view #
#################
Volume is picking up. RSI/CCI/DMI showing momentum.
A MACD cross on the daily will confirm a move.
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.
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.