In yesterday's update, I push a very short term pattern that drops
And today, we meets the same pattern
It is not mysterious, it's only the 123&bb rules :)
I hope you benefit from it IF you have seen my last update~
from this 15min picture, we can see clear signals
1. first, it starts up trend until 9:00, then drop below support 50MA, but this is not our signals, it needs confirm!
2. then, in about 6 hours, 3 times try, shorter and lower, it did not breakout the 50MA
3. meanwhile look at the RSI, it drop below 44 the important level and cross low RSI MA
finaly, the pattern formed!
last night, one test in the green area, and got a strong support,
we are still in the downward triangle, BUT after the time eclipse we will meet EMA21 support
So, in the future ours, there maybe a drop to ema21 and then rise to breakout the down triangle
IF this failed, then Head & Shoulders pattern form, we may test the green area again, but this time it will...
now btc pending in the 9590 and 8900 as we expect
now what we confront?
1.from 1H chart, in the future, there is a potential rise
2.from 4H chart, the green area maybe a reverse, IF this area miss or breakout, then we drop to further deep
3.RSI and volume is still healthy
4.good news from China needs time to Digestion properly.
So in short term, I expect an rise...
follow last update, We now had breakout the
1.downtrend since 20190626
2.9591 strong resistance
what will happen then?
there is no resistance upward, and there are some many good news from China,
BUT there is still some dangerous signals
1. 1D 50MA cross 200MA
2. BTC futures gap from 8900 to 9590
3. volume began to deduce
SO, in short term view,
1.9590 is still an...
all though BTC break out the trend line, there are still some positive factors
1.we are still in a little uptrend channel from 4H view
2.from 8188 down channel bottom will meet ema100 and ema50, that maybe a strong support
3.after today's sharp drop, there is none upward strength, so there will be one in future