


Filnft
EssentialBroke 4hr support support psychological 2k target number (Some more things I won't say here) Correction is due though so small size position- If work out want to be ready to exit at 2k. Can set fix 3:1 RR tp just in case it spikes lower. If not exit at 2k for 2 RR roughly If this a fakeout then a sharp pullback will likely happen from 10 am -11 am 4hr candle but...
We go down, now we go up. We go down, now we go up. We go down, now we go up Now we go up to 40k
So first of all. You can't ignore that big head and shoulder. It's so beautiful. Broke the neckline then came back and retest the previous support which was strong enough to act as resistance confirmed by that big 4hr engulfing candle or you could say it's like a 3 line strike candlestick pattern it pretty much push down strongly clearing the lower timeframe...
The Observation and Plan: We broke out from 38k and had a 4hr close above. That's a good confirmation to look for longs as market showing it wants to go up. However did leave behind a decent size top wick rejection . Which indicates the present of sellers so the likelihood of the impulse continuing imo is low. Fomo buyers will likely get their stop swept. Am...
Anticipating bitcoin to pullback down to $36600 as a conservative target. There is a 1hr demand order block there. It's currently sitting at resistance with big top wick rejections on the 4hr, there's also a 1hr supply zone there around fib 78.6. On top of that there's an upper trendline confluence - zooming out a bit as well can put together a decent bottom...
Explained in previous analysis. We re below daily support...look to the left. And based on more recent price action we're at daily resistance. And zooming down to the hourly we rejected from that big push up, then get another rejection creating a lower high and just now...could be creating another minor lowrt high. You could draw an uptrendline and wait for the...