Arpi2018

BTC on Real Bull run Or will drop Like it did at 9k Level?

BINANCE:BTCUSDT   Bitcoin / TetherUS

After 9k Level a significant bullish candle is visible on 4h chart, It broke that green trendline and ran over 8400 in 15 minutes.

Question is : It is real reversal and next Bull run has started? We will know answer soon. First significant resistance at 8600.

It needs to cross 8600 and stay above and launch another shot

Follow me to get updates and thumbs up if like my work
Trade active: That 8600 Resistance proved strong and BTC needs to do another attempt to break it.
Comment: BTC needs to cross 8600 and consolidate there and show bullish sign, till then be ready with stop loss .
I will off for some hours , till then play safe . Protect asset.
Trade active: Aha, Rejected at 8600 level and fell so fast and now struggling at 8300 level, but volume is not enough . Hope you guys saved your money from this TA . If you like my work, share with friends and save them along with you.
Comment: A possible H&S building or bear Flag which can take us down again, Bulls need to do something quick
Comment: H&S Target is around 7900 . It may have some bounce on green trend line and then keep going down to complete target.
Trade active: Are we still making right shoulder or a triangle is in progress? we will know soon.
Comment: That small H&S failed but triangle can still be in progress, that means we will have to look at bigger time frame for clear picture .
Trade active: On Bigger timeframe we see some falling wedge:
Trade active: On upside crossing 8600 and staying above is still very important .
Trade active: On one hour time frame looks like making a symmetrical triangle and bearish pinant :
Comment: Triangle inside triangle , where we are going ?
Trade active: Breaking down little bit, we need to wait for the close of couple of candles.
Comment: That tiny H & S inside the small triangle triggered it .
H & S target : 8150 where we may see double bottom and can bounce .
Triangle target : 7900
Stop - Loss : Just above the right shoulder : 8460
But wait and see if next candle on 15 mins chart is rejected from lower line of triangle .
Comment: Momentum is weak for down term, so it is becoming risky, do not enter unless there is next clear signal .
Trade active: Update here:
its doing this my friends

Reply
Interesting, I'm still new to TA, but have been seeing quite a few others saying BTC will drop lower -DC
Reply
Arpi2018 DCardinal
@DCardinal, Thanks for comment. Follow me to get updates and thumbs up if like my work.
+2 Reply
Thanks for your continual great guidance. I am just following you now. I think the other big cannons are just not really prepared to understand what is going on. Not sure why, but not seeing the correct % in their calls. MPC, D4E come to mind. Maybe too much personality getting in the way. Great job.
Reply
Arpi2018 SteveGRN
@SteveGRN, do not follow anyone blindly, even me. I will suggest to do your analysis , i am mostly posting with patterns and you can google about it and learn.
+2 Reply
81xx-82xx levels before 04:00 UTC
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cpiljoo Robbanbiff
@Robbanbiff, then move up or down? what do you think?
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cpiljoo cpiljoo
@cpiljoo, when does it happen now UTC 0405 ? You are sure this will ever happen? R u still shorting?
Reply
cpiljoo Robbanbiff
@Robbanbiff, when does it happen now UTC 0405 ? You are sure this will ever happen? R u still shorting?
Reply
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