Hello guys, I'm back again!
I'm happy with the small rebound of my first post on Nano here in TradingView, thank you very much and I will certainly post more!
Without further ado we will update:
In my first post I made a brief comparison of the importance that Bitcoin has with the crypto market in general. Recently Bitcoin brokeout one of its main resistances located at the line 0.6Fib (11000USD), reaching the maximum of 11479USD and ending 03/03 costing 11200USD graphically viewed by a hammer. As expected the market reacted to the hammer and started the red day following a period of indecision of 12 hours, as you can see in the chart, then a buying force appears that formed a candle larger than almost the whole body of the previous red candle, indicates return of the buying forces.
There's BTC chart:
During this BTC correction period, something interesting happened on the Nano / BTC chart in the same 4-hour period. As you can see Nano has had a slight recovery and continues to shape H & S. If this pattern is confirmed, we may see Nano testing again the support indicated in the line of 0.6 Fib (0.0012800) and consequently may fall to support line of 0.5 Fib.
Conclusion: Once again I reiterate that Bitcoin has a driving force in the crypto market, we need to watch closely.
If you liked, there are countless ways to thank me for the simplest and cheapest of all is you push the button like, you can leave your constructive opinion in the comments.
Remember, this is my operational DNA, that's the way I work, and I'm here mainly to discuss ideas and educational issues.
Thank you so much for your time, good investments for you.
I'm happy with the small rebound of my first post on Nano here in TradingView, thank you very much and I will certainly post more!
Without further ado we will update:
In my first post I made a brief comparison of the importance that Bitcoin has with the crypto market in general. Recently Bitcoin brokeout one of its main resistances located at the line 0.6Fib (11000USD), reaching the maximum of 11479USD and ending 03/03 costing 11200USD graphically viewed by a hammer. As expected the market reacted to the hammer and started the red day following a period of indecision of 12 hours, as you can see in the chart, then a buying force appears that formed a candle larger than almost the whole body of the previous red candle, indicates return of the buying forces.
There's BTC chart:
During this BTC correction period, something interesting happened on the Nano / BTC chart in the same 4-hour period. As you can see Nano has had a slight recovery and continues to shape H & S. If this pattern is confirmed, we may see Nano testing again the support indicated in the line of 0.6 Fib (0.0012800) and consequently may fall to support line of 0.5 Fib.
Conclusion: Once again I reiterate that Bitcoin has a driving force in the crypto market, we need to watch closely.
If you liked, there are countless ways to thank me for the simplest and cheapest of all is you push the button like, you can leave your constructive opinion in the comments.
Remember, this is my operational DNA, that's the way I work, and I'm here mainly to discuss ideas and educational issues.
Thank you so much for your time, good investments for you.