cabsknows

cabsknows

Wait for TRBO Wait for BTC's Price Action CONFLUENCES: Right Hand

cabsknows Updated 

Last night, BTC broke down at the previous 0.618 support which is the $39,700 BTC's current price action bounced at $38,800, our last 0.618 Fibonacci Retracement from lowest swing to swing high. Expect a bounce at the trendline if the price breaks down at 0.618 For long swing opportunities, we wait for the TRBO with volume and the CoS (Change of Structure). A...

cabsknows

Price bounced on a major key support level and there's a potential TRBO. Breakout must be supported by volume for better conviction

cabsknows

On a big picture, the price of HNT is currently on the strong key level support and we're waiting for a potential TRBO. For intraday trading, we can execute a bounce play + small Trend breakout + Volume then TP on0.618 from swing high to swing low

cabsknows

BTC is currently on a parallel channel and now on the apex of triangle. Two scenarios are expected to happen soon: a breakout from the trendline or a breakdown from the 0.618, trendline, and support area. In case the price breaks down, we are expecting a bounce at 37k - 37.5k because it is a strong support. In 1D Timeframe, we are still in an uptrend market, if...

cabsknows

There's a potential trend resistance breakout play. The price bounced on 1.618 fibonacci extension and on a strong support. Watch for the BTC's price action since the two coins are slightly correlated to each other. If the bitcoin breaks on its trend resistance and market structure and began transitioning from downtrend to uptrend, TP area can be at 0.618 from...