Btc_usd
Hash Ribbon Indicator flashed "Buy"...Bottom is close ? BTC/USDT
– Hash Ribbon Indicator flashed a buy signal
– historically when this indicator flashed a buy Its always very close to the bottom of bear market (never made any mistake before)
– the violet color areas estimate the gains or profits after the buy signals
– I still believe the most of pain have ended and bottom is close ..If everything run ok the main next target is located around 28K-32k
Important Note :
MT.GOX gonna return 140K BTC to customers by end of august ,this event can have strong impact on market in short term (depending on customers are going to sell or hold) So dont forget risk managements
What you think about BTC next days,,,share with us in comment sections below ⬇️
BTC nothing much to add since my last update,perfectly followingBTC is looking bearish here and I have a time window for the first temp low on week of Sep 5th
Checkout my previous posts, no line moved since after, just following the script
There are a lot of buy prints on the recent low, a small move up is expected into EOW
BTC hit the min upside targetI think BTC hit its high over the weekend and now we should see some pullback and then one more push into 24500-28400 zone.
Also it doesn't have to stretch that high.
I'm still in the camp of this to hit 14.1-14.8k with ideal stretch to 11.8k and maybe lower.
I'm going to buy the 11k zone, might not come till Q1 of 2023, but this is the waiting game in it's own cycle.
BTC massive bear flag still in playJust want to point out that this bear flag is still very much a possibility. Ive been very bullish lately, but it would be remise of me not to point out the obvious.
That being said, if we break this resistance up and retest this level as strong support, ill be looking at LONG positions.
TP1 around top of trend at 25,500, and TP2 at 27k.
a run to 28k would spell a rally in my eyes. With targets around 35k.
Lets see what this week brings!