UPDATED from
Trade still active. Redrew some lines slightly to better align.
Trade still active. Redrew some lines slightly to better align.
Trade active:
Even though we dropped below 6k, the trade is still active. Initial guess was a bottom between 6.0k and 6.5k. But remember that a support or resistance level is always a zone in which a reversal or movement can happen.
We are seeing a huge candle on the BTC 1h, 2h and 4h charts now, which is a perfect reversal indicator.
Alligning with the start of Q8 (within a week), this would be a perfect timing for closure of the correction triangle as shown in this analysis.
Over the next week I expect movement to high 7k regions (7.5 - 7.9), this leaves us to retest the upper resistance when we enter July!
Fingers crossed guys!
We are seeing a huge candle on the BTC 1h, 2h and 4h charts now, which is a perfect reversal indicator.
Alligning with the start of Q8 (within a week), this would be a perfect timing for closure of the correction triangle as shown in this analysis.
Over the next week I expect movement to high 7k regions (7.5 - 7.9), this leaves us to retest the upper resistance when we enter July!
Fingers crossed guys!
Comment:
Q8 = Q3 of course....
Comment:
And with candle I meant hammer...
