BTC GOING DOWN.... then maybe up again we'll see

175 1
Currently, BTC future doesnt look to bright . Having broken down past 200 EMA , as well as uptrend support and short term support, we can expect a continuation of the downwards movement with a consolidation phase in the $7700-$9200 price range. Current spike in volume is higher than the previous spike of the 02/10 uptrend which has confirmed downtrend continuation potential. Be aware that consolidation can occur anywhere within the green box but once the price action breaks out of the consolidation be ready for a move in the direction of price action. For a clean short entry look to enter on hourly high volume with a red candle breaking down past previous lows with a stop at the high of the last green candle. If consolidation occurs and the trend shifts back to up for a short period of time, look for an entry with a green candle breaking above the high of the previous red candle with a stop at the low of the last red candle. Currently, I am looking for a slight market correction within the green consolidation/ potential buyback area as this many consecutive red candles with high volume is an indication of a potential reversal. If heavy buy volume occurs within the green box we can confirm a reversal with a green breaking above the previous high of the last red candle.
Great analysis thank you
+1 回复
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
HE עברית
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
概述 个人资料设置 账号和账单 我的客服工单 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出