The main take away: bottom between 8.5k & 9.8k if this is a regular retracement like the ones on the previous bull market, or 7.3k if this is an especially deep retracement.
Divergences, especially on volume, should help you find out the possible bottom.
Divergences, especially on volume, should help you find out the possible bottom.
Note: not the same fibs as the previous 1D charts, this one accounts for just the last leg of the bull run.
https://twitter.com/opchecksig/status/1144346691878969344
https://twitter.com/opchecksig/status/1144346691878969344
Twitter
Zavan
$XBTUSD 4H Possible temporary bounce on the trendline/50%
Zvn’s Charts
https://twitter.com/opchecksig/status/1145479583975784449
Twitter
Zavan
$XBTUSD 4H Update. Top failure swing complete with the previous bottom broken, expect continuation. Notice that I see this simply as a (much needed) correction on the daily and weekly, not a return to a bear market or something like that. (buy ze dip -> …
Zvn’s Charts
If this is an especially deep retracement, 7.3k (0.236 and 0.618 confluence) should be expected, that would be a 50% retracement from the top. https://twitter.com/opchecksig/status/1144303667073507333
9.8k (30%, fib confluences) dip completed, I'm long for a swing trade.
This *may* be it, but I wouldn't be surprised if it wicks down to 8.5k on the daily and I do have some more bids down below.
This *may* be it, but I wouldn't be surprised if it wicks down to 8.5k on the daily and I do have some more bids down below.
Zvn’s Charts
9.8k (30%, fib confluences) dip completed, I'm long for a swing trade. This *may* be it, but I wouldn't be surprised if it wicks down to 8.5k on the daily and I do have some more bids down below.
Twitter
Zavan
$XBTUSD 1D Daily closed with a bull hammer, above yesterday's open. Very nice.
Zvn’s Charts
To the pip. https://twitter.com/opchecksig/status/1146166996029104128
Twitter
Zavan
$XBTUSD 1H Update. Bulls are winning on very low volume, this indicates low selling pressure (OBV looks okay), it will probably pick up volume after we get a close above 11k (and then might soot up to 11.5k), or, if it doesn't, we dip and retest later.