BTC idea i think btc will reach 41900 and find some resistance and dump to weekly support , buy is based off 4hr counter trend pullback which targets are in confluence with 1hour initial pullback which has yet to reach targets as well
Bitty
Bitcoin longbitcoin broke a high on the daily and pulled back , this could be a continuation of the uptrend or s possible pullback to create a right shoulder and continue shorts in confluence with the weekly bearish engulfing , fib shows 61.8 being respected with a possible double bottom and morning star patter on the 4hr
Bitcoin Potential Short break of structure coulda been a pullback for the weekly or true trend change with supply zone tap
Boooolish or Foooolish?Sup, premeditated warning...
I remain very neutral in the market right now.
I have recently posted my inverted head and shoulders which shows continued downward movement, but I wanted to share a potential positive sentiment as well.
I am a firm believer of charting a few ideas so you are always prepared for whichever way the market decides to take you.
On this bullish example we are getting some Divergence in a few areas
- Daily RSI on the rise
- Sitting against the Daily 50MA waiting for a pop
- Daily MACD about to cross back northbound
We are also looking to break out of a wedge and that incessant down trend that has been affecting us all year.
Either way, this isnt advice, as Im not a professional so please don't take it that way, or mistake OPINION for advice or instruction.
Im just showing this because personally I make an action plan that will cover me each way. Just some food for thought if you dont do this yourself.
If you want to see the downward action Ive spoken about, head to my profile and you will see it there.
Thanks for visiting
