BTC poor bears
Just a very fast update to demonstrate something. Don't take this idea as an analyze , Timeframe is only 4H.
consider it more like a tutorial to optimize your chart reading.
- now it's been 5 times that the bears are trying to push TheKing under 60k.
- Results : 5 Fails. (can see on chart attempts)
What does it could means ?
Going up is same as going down but just reversed :
- When BTC goes up and attempts to break the last ATH and fails many times , then the probability to go down is higher.
- When BTC Goes down, if bears fail many times to push TheKing down, then it creates some divergences with time, then probability increase to go up.
- Right now TheKing stays very strong, it's very hard with the Fomo for bears to back from their caverns.
- Anyway if we break down 60k the next Supports are around 55k$, followed by 52k$.
Happy Tr4Ding !
consider it more like a tutorial to optimize your chart reading.
- now it's been 5 times that the bears are trying to push TheKing under 60k.
- Results : 5 Fails. (can see on chart attempts)
What does it could means ?
Going up is same as going down but just reversed :
- When BTC goes up and attempts to break the last ATH and fails many times , then the probability to go down is higher.
- When BTC Goes down, if bears fail many times to push TheKing down, then it creates some divergences with time, then probability increase to go up.
- Right now TheKing stays very strong, it's very hard with the Fomo for bears to back from their caverns.
- Anyway if we break down 60k the next Supports are around 55k$, followed by 52k$.
Happy Tr4Ding !
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Not yet.
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