Multi time view - BTC - Buy sell zones. Resistance and support.

Apr 18, 2021

Daily is looking interesting. Zones for rally and breakdown. Watching Fibs as well.

Pi top indicator said sell. But, if it's wrong, which I'm leaning towards likely, we would see a strong rally from people reentering driving the price into the weekly and/or daily sell zones causing a more sustained pull back.

Apr 18, 2021

Note

Nice bounce off daily support. Need to see a strong rally from here.

Close long if support breaks. Target daily sell zone.

Apr 20, 2021

Note

Entering make or break territory now.

4Hr and 1D MA resistance needs to be broken.

1Hr(bottom right) in the sell zone, just below resistance and MA. If we can break through then it will look like a nice W reversal pattern. If we get rejected here then it will look like a M rejection and further downside.

Good luck trading!

Apr 21, 2021

Note

1Hr sell zone provided a good exit. Now in a likely bearish formation with a new 1Hr resistance line coinciding with flag and MA. If you were not able to short on my last post, then a second opportunity may be presented. A new buy zone extension below. Please note, 1Hr buy zones are not as reliable as other times but we are currently being supported by the 4Hr and Daily buy zones.

trdr.io/snapshot/AE867597F37E55F8.png

From an order book perspective, 50K looks to have support. Expect to see very strong buying below 48K.

Apr 22, 2021

Note

Note new 1Hr zones and resistance. Looks like a bounce off the TD9 to confirm breakdown of pattern.

4Hr is getting a descending triangle look to it but daily and 4Hr buy zones are still holding.

Be careful getting real bearish now if you aren't already out. It's close to time to buy than it is to sell.



I'll be looking to buy the next leg down. Especially if the Vix Fix Flash green and RSI flash buy/over sold on the weekly. Historically both flashing green buy on the weekly have been great buying opportunities.

Apr 23, 2021

Note

Support levels have been hit. Note new zones and resistance for recovery to determine if bottom is in. Watching strength of rejections.



MA perspective.

Apr 26, 2021

Note

As noted earlier, very strong buying stepped in under 48K and we had a perfect bounce off the prior unchecked daily support line and the 2.618 fib.

We do have some sell pressure now at the bottom of the prior 4Hr buy zone and descending triangle but buyers stepping in as well. Sellers look to be stronger and order book is suggesting a pull back. The low does look to be in to me and this pull back should be viewed as a buying opportunity if you missed the dip. (Not advice, just me thinking out loud. =) ).

From what I can tell, everyone and their mother looks to be trying to buy under 43K... So it's probably not going to happen right now. That will be an interesting area to watch when we pull back from the the sell zones and everyone thinks it's going to $30 or 20K.

trdr.io/snapshot/DC9469D1A20F7F09.png

Watch for a smaller pull back or consolidation before going higher. 1Hr resistance line broke with the rally. Keep an eye on the double resistance line, 1Hr, for smaller pull back.

Daily and weekly sell zones are still in play for potential tops after the all time high is broken. We will likely see strong selling starting just North of 60K.