Forwarded from CryptoTrendy's channel
#Bitcoin UPDATE:
We just had a dump (from 6550 to 6130) on decent volume if you look at the mid TFs which can be quite scary if you went long.
But if you look at the smaller TFs, you can notice that dump occurred on low volume but when we broke 2 key supports at 6285 and support at 6166, that's when volume increased.
Having those south wicks actually indicates that buyers stepped to support the price.
We just had a dump (from 6550 to 6130) on decent volume if you look at the mid TFs which can be quite scary if you went long.
But if you look at the smaller TFs, you can notice that dump occurred on low volume but when we broke 2 key supports at 6285 and support at 6166, that's when volume increased.
Having those south wicks actually indicates that buyers stepped to support the price.
Forwarded from CryptoTrendy's channel
Considering that bullish PA, we can also notice where price bounced off :
- Held a 70.5% fib retracement
- Bounced of 4HR bullish OB
- 4HR bullish SFP
I added a little bit to my long position with stop ~6100. I did so because we actually confirmed the 12HR bull div I spotted (see chart below)
Keeping my old stop loss below equal lows (5970)
- Held a 70.5% fib retracement
- Bounced of 4HR bullish OB
- 4HR bullish SFP
I added a little bit to my long position with stop ~6100. I did so because we actually confirmed the 12HR bull div I spotted (see chart below)
Keeping my old stop loss below equal lows (5970)
Forwarded from CryptoTrendy's channel
Got a little present for you guys. Instead of making my usual market review with a livestream (that I will do tomorrow), I'm launching a new concept.
In this video I make a top down analysis of my previous trades of Bitcoin and Ethereum making a list of the things I did well and the mistakes I probably made that you can profit from in the future.
If you liked that new concept, please let me know in the comments section and hit the Like/subscribe button. It means a lot !
https://youtu.be/rrwQe5lw2Bs
In this video I make a top down analysis of my previous trades of Bitcoin and Ethereum making a list of the things I did well and the mistakes I probably made that you can profit from in the future.
If you liked that new concept, please let me know in the comments section and hit the Like/subscribe button. It means a lot !
https://youtu.be/rrwQe5lw2Bs
YouTube
Two things you probably missed in my previous trade
READ MORE ----------------------- Got a little present for you guys. Instead of making my usual market review with a livestream (that I will do tomorrow), I'...
Forwarded from Zvn’s Charts
# Downtrend still intact but definitely losing steam.
- ATR lowest since last October, high volatility should follow;
- Trend flattening, going for a 4th try at reversing:
✅ Higher low
🔳 Higher high (>8.5k)
- RSI lowest in 1 year.
- ATR lowest since last October, high volatility should follow;
- Trend flattening, going for a 4th try at reversing:
✅ Higher low
🔳 Higher high (>8.5k)
- RSI lowest in 1 year.