BTC (Prj.2019.P03.E12).Next MACRO level move
מעודכן
Looking at the past week, it's obvious the BEARS have dominance and with a 20% drop...it showed how weak hands.
On the WEEKLY CHART, we have had 3 big rejections with LARGE wicks. This is a clear sign where things are, a pause on the bull run.
Hence it will take a lot longer for the bull trend to resume.
The RSI or momentum indicators show for the short term, a likely limited uptrend and as per the chart, where the potential boundaries are.
MACRO LEVEL: BTC remains above the BLUE Moving Average multiple times during the bull run of 2015-2017.
The trend just got tested again and passed. However looking up closely...its getting to a pivotal point...soon. This is what needs to be monitored.
Previous post, a continuation from it.
On the WEEKLY CHART, we have had 3 big rejections with LARGE wicks. This is a clear sign where things are, a pause on the bull run.
Hence it will take a lot longer for the bull trend to resume.
The RSI or momentum indicators show for the short term, a likely limited uptrend and as per the chart, where the potential boundaries are.
MACRO LEVEL: BTC remains above the BLUE Moving Average multiple times during the bull run of 2015-2017.
The trend just got tested again and passed. However looking up closely...its getting to a pivotal point...soon. This is what needs to be monitored.
Previous post, a continuation from it.
הערה
Not looking good. Closing below the symmetrical triangle pattern will indicate a downward trend (4 HRLY)הערה
Trend compromisedהערה
The battle is not finishedהערה
הערה
The weekly perspective. The above is also a bearish formation. As I stated, I'm looking bearish. Looking from a BEARISH perspective, the WEEKLY chart supports this theory. The RSI at the 53% has yet to be touched and the way its going, its headed for it. If it goes below this point, then we will be looking at a complete different scenario for the year.הערה
הערה
At the micro level, looking for bearish divergence,הערה
Micro level...still bearish...many obstacles. 1 HRLY Chart.הערה
MACRO level -- pivotal point. Not a good time to go in.הערה
RSI reflecting the same sentiment. 3 Day chartהערה
Some confirmations at the Micro level.הערה
It happened quicker than I thought
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
פרסומים קשורים
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.