BTC 1W "Plankton VS Whale"
BTC 1W
...we have managed to break down the price wall from 25 to 26k.
but now look at the whole... the pattern of IHNS has been born, and is preparing to fight against major HNS. This is the beginning, all this time we rise for a start.
Note:
above the current price there is a gap of around 28-29, it must be closed.
the current resistance zone is considered weak, where at the first time a big dump occurred, there was no resistance from buyers until there was a reaction again at a price of 17k.
today the price must hold and close 1D at 26.3 to continue to 28k-30k. If below that, price reduction is still possible. Maybe the gap below area 21 should be covered as well.
For this idea, there is a maximum target from IHNS with area X which can expedite the process, the target will be faced with a large resistance rejection zone from the HNS pattern. I thought there was going to be a dead cat bounce? it could happen if the gap in area 21 has not been closed then there will be a big short when the ihns target is reached.
Let see..
Monday 9 May 2022 - Monday 9 May 2023
...we have managed to break down the price wall from 25 to 26k.
but now look at the whole... the pattern of IHNS has been born, and is preparing to fight against major HNS. This is the beginning, all this time we rise for a start.
Note:
above the current price there is a gap of around 28-29, it must be closed.
the current resistance zone is considered weak, where at the first time a big dump occurred, there was no resistance from buyers until there was a reaction again at a price of 17k.
today the price must hold and close 1D at 26.3 to continue to 28k-30k. If below that, price reduction is still possible. Maybe the gap below area 21 should be covered as well.
For this idea, there is a maximum target from IHNS with area X which can expedite the process, the target will be faced with a large resistance rejection zone from the HNS pattern. I thought there was going to be a dead cat bounce? it could happen if the gap in area 21 has not been closed then there will be a big short when the ihns target is reached.
Let see..
Monday 9 May 2022 - Monday 9 May 2023
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.