Mr_J__fx

$BTC - The Struggle Continues

Mr_J__fx 已更新   
BITSTAMP:BTCUSD   比特币
- #Bitcoin's Uptrend still intact in terms of Price Action,
coming from the Lows of 15K .
Concerning is the fact that despite Bitcoin trending Bullish on regards of
Market Structure (series of HH & HL ) ;
it is trending so,
within a Rising Channel (i.e bearish flag).

Ahead of this current uptrend is the Golden Zone Fibbonaci Level
awaited to be faced as Resistance in the midst of a Critical S/R Zone.
Both of this targets should be flipped from Resistance to Support(retested)
in order for Bitcoin to be headed higher,
to trigger the price interest at 50k-65k ; W(tf) *OB a
(see the updated idea attached below)

Until further confirmations, BTC is likely to be headed to at least 35.000$
in the short term time frame.
Key S/R and Golden Zone may very well be the next stoping point to open shorts



TRADE SAFE
*** Note that this is not Financial Advice !
Please do your own research and consult your Financial Advisor before
partaking on any trading activity based solely on this Idea.

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BTC - Struggle Continues
- On the verge of break-down confirmation
(*W close needed)

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Candlestick version
*W
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BTC The Struggle Contineus update

(line chart log.)
Pattern Break down , week two
(candlesticks version log.)
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- Another Bearish Perspective pre-Halvening ,
from Bearish Flag (The Struggle Continues Idea)
to Rising Wedge .

In case Rising Wedge (bearish patterns) plays out,
looking ahead for Short Entries to a 40% measured move down.
Not only, but aswell a strong Spot Buy Opportunity for cheaper SATS accumulation and ALTS bags.



TRADE SAFE !
*** Note that this is not Financial Advice !
Please do your own Research and consult your own Financial Advisor before
partaking on any trading activity based solely on this Idea
评论:

BTC will be closing this Week resting on 200EMA on *W (tf)
Will 200EMA act as dynamic support and boucne the price a little higher ?
Or the Feds Jackson Hole speech today has already taken 200EMA as a joke support ?
Note that 200 EMA is used by lots of algorithms (big money)
As well lots of retailers.
It's not smart to trade baseed solely on it as an indicator .

TRADE SAFE
评论:
(CANDLESTICKS version)

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