Do or die moment for Bitcoin. Personally i'm playing my cards by opening a "scattered" Long trade.
Part from here, part from close to the 27.700$ mark, just in case of a bear trap.
Mind the fact this is a highly risky contrarian trade and it may fail, but 1:2 R:R is interesting enough to try playing it.
DYOD.
Part from here, part from close to the 27.700$ mark, just in case of a bear trap.
Mind the fact this is a highly risky contrarian trade and it may fail, but 1:2 R:R is interesting enough to try playing it.
DYOD.
ความคิดเห็น:
At intraday resistance.
ความคิดเห็น:
Bulls should try to achieve a breakout in order to let price breath.
Otherwise a slump is likely.
Get ready.
Otherwise a slump is likely.
Get ready.
ความคิดเห็น:
Weak, but still quite far from the 27.700$ mark.
Looking at volume, which is still low.
Anyway, at least Hash Ribbons fall starts showing some dent.
Looking at volume, which is still low.
Anyway, at least Hash Ribbons fall starts showing some dent.
ความคิดเห็น:
Bouncing, but 31550$ +on volume needed in order to seal the trap.
Let's see.
Let's see.
ความคิดเห็น:
Failing that it may be just a pullback to support.
ความคิดเห็น:
Meanwhile, hash ribbons:
ความคิดเห็น:
Let's zoom out and see what happens on 1D:
Price is facing the key resistance area: previous wedge support + MA50/W + midline of daily BB. Very, very tough area.
Let's wait and see.
Price is facing the key resistance area: previous wedge support + MA50/W + midline of daily BB. Very, very tough area.
Let's wait and see.
ความคิดเห็น:
Volume or it won't happen ...
ความคิดเห็น:
Critical moment.
That's RSI/D:
Back at confluence of wedge support/resistance.
Again, bulls need volumeor will fail.
Let's see.
That's RSI/D:
Back at confluence of wedge support/resistance.
Again, bulls need volumeor will fail.
Let's see.
ความคิดเห็น:
Remember to have a take profit set.
Don't risk more than deserved, choppy ride expected.
Don't risk more than deserved, choppy ride expected.
ความคิดเห็น:
Closest support in 31.500-31.200$ area.
ความคิดเห็น:
ความคิดเห็น:
Watching this, it may turn into a inverted H&S:
Soon to say, but watch it.
Soon to say, but watch it.
ความคิดเห็น:
We have a pretty long TD strip, volume still average.
It's unclear whether this is a rising wedge or an ascending triangle, but it's more resembling the former.
Unless volume picks up substantially hence confirming an inverted H&S or ascending triangle and granting a brekout we may expect a pullback.
So remember to place a take profit, don't get caught off guard by events.
It's unclear whether this is a rising wedge or an ascending triangle, but it's more resembling the former.
Unless volume picks up substantially hence confirming an inverted H&S or ascending triangle and granting a brekout we may expect a pullback.
So remember to place a take profit, don't get caught off guard by events.
ความคิดเห็น:
Testing wedge support soon, watch it:
ความคิดเห็น:
The reason current area is tricky:
A breakout on volume is needed, or bears will take over again.
Bumpy weekend ahead, fasten your seatbelts.
A breakout on volume is needed, or bears will take over again.
Bumpy weekend ahead, fasten your seatbelts.
ความคิดเห็น:
Fine, but still lacking volume.
ความคิดเห็น:
Usual look at has ribbons:
Seemingly about to round a bottom.
Seemingly about to round a bottom.
ความคิดเห็น:
RSI/D already over resistance.
GIve it more volume and it would fly.
GIve it more volume and it would fly.
ความคิดเห็น:
As you saw, it flew ;)
Volume was the key.
Target reached, resistance pierced.
Needs confirmation.
Currently on holiday, i'll update at a later date.
If you enjoyed the trip up from 30k hen comment and like, so that i know my time here is well spent.
Take care, hope you had some nice gain.
Volume was the key.
Target reached, resistance pierced.
Needs confirmation.
Currently on holiday, i'll update at a later date.
If you enjoyed the trip up from 30k hen comment and like, so that i know my time here is well spent.
Take care, hope you had some nice gain.
ความคิดเห็น:
Upcoming test of mm20/w is crucial. Watch weekly close.
We have a historical record of bull trap on pullbacks there.
So protect your gains and watch the outcome.
We have a historical record of bull trap on pullbacks there.
So protect your gains and watch the outcome.
ความคิดเห็น:
Watch it
ความคิดเห็น:
Price eached that yellow target area pinpointed about 3 weeks ago.
Fine.
Moreover Two months ago i mentioned 42-44k area as first meaningful resistance:
Eager to see the outcome of the test as ma20/w is pretty close.
Fine.
Moreover Two months ago i mentioned 42-44k area as first meaningful resistance:
Eager to see the outcome of the test as ma20/w is pretty close.
ความคิดเห็น:
Got up to 42.500$ before pulling back.
No surprise.
Target area reached, a few days early.
Now it's time for careful observation of the test of MM20/W, which may take a while.
Have your position protected.
No surprise.
Target area reached, a few days early.
Now it's time for careful observation of the test of MM20/W, which may take a while.
Have your position protected.
ความคิดเห็น:
we'll have o better evaluate after a cooldown, meanwhile this is hash ribbons today:
ความคิดเห็น:
Pullback to FIB 0.618 achieved.
There's a possible bearish pennant forming, it would be important for bulls find a confirmation and bounce without completing a further pullback to previous resistance (now support). The latter option would imply a significative loss of momentum.
As you notice price is moving in a tight range within MA50/W and MA20/W.
A breakout of such range on volume will likely lead to the end of the sideways movement ongoing since may. Watch it.
There's a possible bearish pennant forming, it would be important for bulls find a confirmation and bounce without completing a further pullback to previous resistance (now support). The latter option would imply a significative loss of momentum.
As you notice price is moving in a tight range within MA50/W and MA20/W.
A breakout of such range on volume will likely lead to the end of the sideways movement ongoing since may. Watch it.
ความคิดเห็น:
NIce breakout.
Challenging resistance soon.
Watch MA20/W above if it breaks.
Challenging resistance soon.
Watch MA20/W above if it breaks.
ความคิดเห็น:
Hash ribbons:
Countdown to blue dot ?
Countdown to blue dot ?
ความคิดเห็น:
At MA20/W resistance, at last.
ความคิดเห็น:
Follow-up here:
![[Watch it] Moment of Truth approaching.](https://s3.tradingview.com/y/YikCnKlf_big.png)
