as upper curved is broken was acting as a resistance and so i am looking for short time upside momentum as per green path drowned but we need confirmation on support zone. but if support zone broken by 5 min and retested as per redline path i will consider that it will go down till previous support zone which is also start of structure
this is just analysis for BTC in weekend market. as i am in short till 62000 but there will be bullish moment in weekend for almost 700 points and than again downside move will be starts.
as per previous conditions and FIB 50% chnat pattern also can go more barriers. Look at the liquidity MAP till 57500 its more than 5B. Dont look at mainstream media.
it will be shakout for week buyers. Short entry. It a trandbase plus SMA of 195 this not usual stock market that you can use SMA 200. I am using it for Long time plus RSI also showing same indication (overbought)
Order fill level is near around 60150 this time i am looking for double supply after order fill level which is also retest area and taget i will look for after seeing double supply is 85698. it will be swing. for long time.
FIB level for retest (green line) Next support zone in (greenline middle of support ) TP line Red line SL thats what i am looking at for 4h of chart swing trader. shakout is required to get liquidy and this greenline is shakeout liquidity swip which is also W timeframe golden zone. Risk is always there, hope you find this idea well. (educational purpose only)
Meeting of FVG and Fibo as per this Idea is created Turbulence = Sideways / Retest till entry point. I hope it will gives you idea. Next news about UK on 14 th
ETH coming to fill FVG as per D chart. FIB entry point make it bounce to the green line level. Be ready to get the position on while line with redline Stop loss. I hope this give you Idea.
Short time short position for BTC. Can reach till green line. I am in from white line. After that there is major support
As, new month starts as per monthly analysis. Engulfing candle pattern formed. It can come to test FIB gold zone in this month. but looks promising for long my idea wait for monthly breakout or wait for FIB testing zone. but I will go long after this two confirmation. top of last bull run tradeline breakout retest and after this engulfing is created. Let's wait...
Fib golden zone rejection, Previous day candle formed nice to indicate bullish however, today 70% of day confirmation is required as might fake breakout can happen. I will wait as per price action.
Major rejections of downtrend. As per Fibonacci 0.5 golden zone rule. I will wait for breakout of today high and but trade for long.
After, braking records and as per nature of BTC and market correction. I am going for short after braking 63500 might take while to break.
After this line there is big support. My idea says that today after NY wakes up with Burris till 25% so be ready to see Monday morning with sun light. As Monday will Be boring to trade but Monday will ideally good entry time.
first ladder should achieve by Thursday, side ways zone will might impact till Sunday evening and if second ladder achieve there is no stop till 4959 +- 50