bitcoin in 4 hour frame creating higher highs and higher lows to liquidate positions
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higher risk taking is not solution to build your portfolio
do your own research and work hard with dedications
$BTC exactly jumped from average weighted buying price from the bull (The Blue and Yellow line) and makes 25% move to the upside. Now it is facing resistance where usually swing traders take profit($23.9k - $24.5k), also MFI retesting the bottoms of H&S pattern trendline and RSI upper trendline also being tested. If $BTC breaks these trendlines and crosses $25.5k...
So as you see on 4H there's CHoCH so I created first POINT OF INTEREST { POI } for long and now waiting for Mitigation so I placed an order for long! But then we saw a rejection on 16FEB23 21:30 with big candle and small body. Next day on 17FEB23 1:30 another HUGE RED CANDLE so I have to mark POI so I mark another POI and wait for Mitigate. MITIGATION means we...
Technicals : medium term
1. Price Breakout with bounce of 20dma
2. Above average volume
3. High momentum
4. @bbands squeeze open
5. S1 : 19700
6. R1 : 26935
#BTC UPDATE.
#BTC has currently trading at the red box resistance after a perfect bounce back from the yellow box support area.Since btc has the resistance level and we have bearish RSI on 4H TF ,therefore be careful with your trades as there could be rejection from the current resistance is possible until btc closes above the red box resistance area .
#BTC UDATE.
#BTC has perfectly bounced back from the yellow box support and is looking to test the red box resistance area again,if btc manages to close above the red box area then the pink box will be the next resistance for btc.Note that btc dump is still not over,in case btc loses the yelow box support area we will see dump again.
#BTC UPDATE.
#BTC is still trading in the accumulation range in the green box area, red box is still a very strong resistance for BTC. We saw same volatile move in the red box area and in future we might see these kind of moves in the red box area resistance zone so again I wanted to remind you guys, do not trade in the green box range. Trade above the red box...
$BTC $24,129 resistance remains intact, $23,713 support still holding. Last Daily and 4H close looks bearish, Watch $23,197-$22,750 support areas for the weekend if breaks $23,713. Wish you a very happy weekend♥️
Hello Traders,
After scary fall in crypto market, its time to shine again. we seen 1 month strong accumulation in btc, finally btc making higher highs and today we witnessed strong breakout frm recent weekly highs.
its not time to become strong bullish on the market and say bull run is coming bt atleast we can conclude tht in 6 months market will be bullish. first...
$BTC Given range remains in effect with $20,812 resistance holding. $19,894 showing some good support for last few hours, Last 1D candle closed with Doji could prove as confirmation to 1D bullish engulfing from 19 June. Good chance to break $20,812 here, Continue watching given resistance and support areas on the chart.
Last Friday Warned you about the possible drop that happened Saturday, $BTC Tested and broke $19,535 last Saturday, Given key support $17,999 tested and held. $20,812 resistance in effect with support at $19,535 currently. Last 1D close with bullish engulfing and 4H close with bearish engulfing expecting it to range $20,812-$19,003 today.
$BTC Given $19,894 support held, $19,894-$19,535 support area remains in effect here. $23,197 acting initial resistance as expected. Possible sideways range forming $19,894-$23,197. $21,299 current support. Gave your $19,894-$19,535 support area to watch over a month ago on May 10th😎.
If and all btc holds above 45k for couple of days or for a week ... It can get a huge pump and have chances of a good reversal back to long!
I CONCLUDE BY SAYING BTC TRAVELLING IN THE GOLDEN RATIO!
