If trendline breaks with convincing volume we will see 630 soon.
Our previous analysis did work out as expected with a bounce near 28K Now we are going up to the 33,8K area and watch there to take profits/reduce risk.
We have curently consolidation phase in bitcoin with higher lows and lower highs on the daily, BUT today we will print a lower low wich is bearish for bitcoin. If trendline breaks it will cause panic and people will watch the 30,3K ish level and 28K
SELL IF ABOVE 70 BUY IF BELOW 30 OR ON 30
On the weekly chart we see a couple of similarities in price action and formation. Currently DXY is bottoming at its support. Notice a couple of things: -Timestamps on both periods in bottoming and price formation. -Exact same bottoming progress in a blow of top, a seloff a bounce and a consolidation around high timeframe support What indicates this? -A dollar...
VET CLEAR BREAKOUT BUT EXPECTING SOMETHING LIKE THIS WITH BTC VOLATILITY AND CHART PATTERNS. IF BREAKS BELOW SET STOP LOSS. TP 0,0306 0,0316 0,0330
here you get to know where to put buy orders and where to take profit simply using fibbonaci ratios on the 4H chart