Hello Traders.
- In this setup, our goal is to enter a buy or sell position based on price movements next to the middle line of the Bollinger band and pitchfork.â
- The price reacted negatively when it first touched this line and is now trying to stabilize above the middle line of the pitchfork.â
- The stabilization of the price above the pitchfork and its crossing of the middle Bollinger line starts the bullish scenario.â
- Otherwise, the downward scenario begins.â
- Tip: The 4-hour trend is still strongly bearish and there is a possibility that the price of Bitcoin will reach $69,000 and then fall again. Keep in mind, along with Bollinger, it is also important to analyze the overall structure of the trend in your timeframe.â
Which scenario do you see as the winner in the current structure?ðĨ
My Structural Analysis: The market will experience a bullish retracement and then return to low support levels.
āļāļīāļāļāļēāļĢāđāļāļĢāļ: āļāļķāļāđāļāđāļēāļŦāļĄāļēāļĒāļāļēāļĢāļāļģāļāļģāđāļĢ:
As I mentioned before:
The market will experience a bullish retracement ( 69K ) and then return to low support levels.â
Were you able to use the above analysis and my advice?
Please leave a comment.
ðĨ
As I mentioned before:
The market will experience a bullish retracement ( 69K ) and then return to low support levels.â
Were you able to use the above analysis and my advice?
Please leave a comment.
āļāļīāļāļāļēāļĢāđāļāļĢāļ: āļāļķāļāđāļāđāļēāļŦāļĄāļēāļĒāļāļēāļĢāļāļģāļāļģāđāļĢ:
The downside scenario was realized as the previous scenario.ðŊ
āļāļīāļāļāļēāļĢāđāļāļĢāļ: āļāļķāļāđāļāđāļēāļŦāļĄāļēāļĒāļāļēāļĢāļāļģāļāļģāđāļĢ:
TP1 reachedðĨðĨðĨ
Please risk-free your position.â
Please risk-free your position.â
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Full TPâ ðĨ.
Check out my serial analysis on BTC in the caption of this post.
Full TPâ ðĨ.
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ðē Telegram: t.me/CrazyS_Tradingview_Analysis
Share the analysis & Spread the wealthâĻ
ðGot Feedback? We're all ears!ð
ðRide this journey with usðĨ
The risk of this position is semi-low. The market volume is calm until Monday and the purpose of this analysis may not be realized quickly.â
Stops and targets are specified in the chart.â
Bollinger and RSI are used in this setup.â