Bitcoin: If you followed my presious chronicles here is where we are. Be carefull and alert. We may have see the bottom signifying the end of a correcting cycle but doesn't mean it cannot be retested if bears manage to hammer bulls down from next high. Or maybe that resistence is already the next high. I don't know.
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RSI look already goneהערה
Hope that upper channel supportהערה
There is a lot of congestion just below that resistenceהערה
Always be aware in which timefrime price provide signals. It's important to get the timing right for understanding when you will have to pull the trigger. lolהערה
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5min divergence with RSI when approaching that resistenceהערה
May go for the lower band of the upper channel from that highהערה
After the divergence it is looking for supportהערה
10.200 looks supportedהערה
Let's wait and see. Be patientהערה
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Just be carefullהערה
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RSI is shooting and price is not following stopped by that resistenceהערה
It may present us a nice scenario but we need to wait and be alert.הערה
Let's look at the 15min chart...הערה
Same as before...the attack is still ongoingהערה
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look at RSIהערה
may that be a support for a little push? I don't knowהערה
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the 11.400 strong resistence is very closeהערה
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RSI is not high enaugh yetהערה
Where are the volumes?הערה
Pushed backהערה
Let's see if supported somewhereהערה
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It's preparing it's next moveהערה
Let's look where we are in the 30min chartהערה
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1min chart volume increasingהערה
be patientהערה
Let's see 30 min chartהערה
Are those volumes enough to make it go higher for a little bit? I don't knowהערה
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Bulls have not won yetהערה
Let's see for a retest. Let's seeהערה
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I don't like it. It shuold have gone much higher with that moveהערה
Maybe we need to wait for more volumes to accumulate? I don't knowהערה
This is due to strong bearish pressureהערה
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Where are the volumes in the 60 min charts?הערה
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back to the 5min chartהערה
little divergence with RSIהערה
Let's see if with the help of moving averages we can get more clues.הערה
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Judging by the moving avarages 100SMA and 200SM we have a nice golden gross meaning the trand long term has changed but in my view we it still need a low to conferm this possible new trendהערה
This is why it very important to be carefull.הערה
Ok...remember my post on the golden cross?הערה
That signal was found in a 15minute chartהערה
That signal originated a little upper channel remember?הערה
That helped the price to get where it is nowהערה
Now we discover another golden cross made by longer SMAsהערה
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I don't know but if that 10400K resist and price 11.000 we may see a move confirming that bigger channel. I don't know. Just an idea. What is yours?הערה
Sorry, if 11400 resist and 11000 do not supportהערה
So far 11200K supportingהערה
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Bearish pressure represented by the two SMA coming down and stopping bulls runהערה
If you look at the last 10 candles this is Elliot Waveהערה
3motvie, 2 corrective up to the SMAs...and then the correctionהערה
We need to focus moreהערה
After hitting those SMAs price corrected 50% fib of previous candleהערה
sorry "retraced"הערה
Its holding there waiting for a move...its' quite at the momentהערה
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Divergence with RSI on 1min chart but only becomes effective if RSI cross the 50 and the cross of the green SMA...bulls may try another attempt there but carefull could make a triple topהערה
Anyway it's a divergence on a dinamic bullish supportהערה
But on such a low timeframe need to cross the SMA for the upside to get momentumהערה
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The divergence was not confirmedהערה
And priced dipped a little bitהערה
Sorry but platform stopped working for a whileהערה
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I wrote that 11K would have been a nice support but platform stopped working. never mind...הערה
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This has just been published by Goldbug1...let's see his view which sure will spread some light on what is going on...let's read itהערה
Ok...I am done for the day. I need to read this and make these concepts mine. Always be carefull and alert and follow professional traders. Not amateur like me. Thank youהפקודה בוטלה
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No. Its not trading acrive. I just noted how it developed here. Is that a re-test?הערה
Ok let's wait and see. Too many bulls and bears trap around these days.הערה
Ok. I am done for now. Time for a lunch.הערה
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Be carefull. Click on the above and let me know what you think. I know market is doing another things but please be carefull.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.