so BTC broke the major downtrend line in my previous analysis and followed the grey arrow.
Now we see a pretty significant reversal signal in 4H timeframe. Might be a good idea to sell a part of your position to enter lower later.
Please comment with any questions.
Look out for key reversal signals at each of the key supports/resistance levels - (like the RSI divergence we are seeing now at a key resistance level)
This is just for educational purposes and is not trading advice. you must make your own decision.
Be safe out there! dont have fomo.
Now we see a pretty significant reversal signal in 4H timeframe. Might be a good idea to sell a part of your position to enter lower later.
Please comment with any questions.
Look out for key reversal signals at each of the key supports/resistance levels - (like the RSI divergence we are seeing now at a key resistance level)
This is just for educational purposes and is not trading advice. you must make your own decision.
Be safe out there! dont have fomo.
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if the bull is strong might bounce off of 4180. If bearish pressure is stronger then might bounce off of 3950-3800 area
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upward breakout.. might go up higher.
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Going to 4K? watching for my key target entry zone
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bounced off of resistance turned support and now pierced 1st resistance (which is now support) on to 4600?
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Following the first blue arrow scenario and hitting what I labeled as 4th major resistance. RSI is very high so expecting some pullback here. I'll be looking to buy back around 4450-4300 range
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Pierced 4th resistance in one go... might see a small retrace to 4600 before mooning
heres my previous idea - we broke out early and followed the grey arrow scenario