For the same fractal previously my analysis went wrong, because this wasn't a perfect match. But the current chart shows perfect matching of fractal from the month of May- July matching with mid Nov -present. I my previous post I also mentioned that BTC is bullish so their is a possibility of failure of analysis and that actually happened. In the current...
In my previous analysis I talked about The falling channel Bitcoin was in. However when I took another look at it, it looked more like a falling wedge. This does not make any difference in the outcome of the price but this shows that TA can be subjective. But that is not what I wanted to talk about. Falling wedges and channels are my favorite bullish trade...
KEEP EYE ON BITCOIN THE INFORMATION IN MY IDEAS IS PROVIDE FOR EDUCATIONAL OR INFORMATION PURPOSES ONLY. THIS IS NOT FINANCIAL ADVICE. ENJOY SOME PROFITS MAKE SURE TO HIT THE LIKE/SUPPORT FOR MORE THANKS A LOT WISE YOU SUCCESS
We already have trended down significantly for a couple of days now. Price getting reverted to 200 MA on '4hr' time frame is likely before going down again to test 200 'weekly' MA. Long entry on Bitmex (XBTUSD) : 3270-3380 Target 1 : 3700-3800 Target 2 :4100-4200 Target 3 optional : 200 MA on 4 hr timeframe