Crypto Mumbles
now, can we close above the next resistance that btc failed to break?
if btc closes above this resistance line, we should see some quick move upwards
but following that there might be a move back DOWN into the range
then btc will simply be showing a SOS (sign of strength)
so becareful here
but following that there might be a move back DOWN into the range
then btc will simply be showing a SOS (sign of strength)
so becareful here
Crypto Mumbles
if btc closes above this resistance line, we should see some quick move upwards but following that there might be a move back DOWN into the range then btc will simply be showing a SOS (sign of strength) so becareful here
just a note,
i am overall bullish on btc as mentioned multiple times in the channel so far
however, i just don't feel this is the break out yet for btc
i still feel that btc is ranging as of now hence my warning message
i am overall bullish on btc as mentioned multiple times in the channel so far
however, i just don't feel this is the break out yet for btc
i still feel that btc is ranging as of now hence my warning message
with btc being able to close above 35600 is a very good sign as its a sign of strength that btc wants to breakout
but as of now i think it can't sustain just yet
but as of now i think it can't sustain just yet
Crypto Mumbles
this is btc 1h tf very possible Wyckoff accumulation happening, but still too early to say if it really is a Wyckoff play, then the following is what would highly likely happen #analysis
as shared previously,
that little breakout there is my prediction of a SOS (sign of strength)
that little breakout there is my prediction of a SOS (sign of strength)
im confident of a breakout if i see a close above 35750
that means btc has finally entered a new level and longing would be great
that means btc has finally entered a new level and longing would be great
what do i mean by SOS (sign of strength)?
with each test of the resistance, the bears are losing their strength
from a complete shut down (left side)
to a penetration of resistance (right side)
but the bears are still able to fight back pushing the price back down despite a close above
but this is of HUGE significance for the bulls because they have slowly pushed the bears back and manage to close above resistance!
hence, it is a SOS for btc
#learn
with each test of the resistance, the bears are losing their strength
from a complete shut down (left side)
to a penetration of resistance (right side)
but the bears are still able to fight back pushing the price back down despite a close above
but this is of HUGE significance for the bulls because they have slowly pushed the bears back and manage to close above resistance!
hence, it is a SOS for btc
#learn
basically, the bulls are REVVING their engines and very eager for a breakout
but not just yet!
but not just yet!
Forwarded from itzXtra
No kidding, but because of your technical analysis and the understanding of the market, I muself am really improving.
So big thanks bro, keep it up like this 🔥🔥
So big thanks bro, keep it up like this 🔥🔥
Crypto Mumbles
just a note, i am overall bullish on btc as mentioned multiple times in the channel so far however, i just don't feel this is the break out yet for btc i still feel that btc is ranging as of now hence my warning message
so a few of you guys asked whether it’s okay to trade btc now,
as mentioned just now, btc is still ranging after a fakeout (35.2k to 35.6k)
so you can either trade the extreme ends or wait for a break out/down but it’s not recommended to trade mid range as it can go both ways
stay out of alts for now as btc is ranging hence huge volatility
will check back on the market tomorrow
cheers!
as mentioned just now, btc is still ranging after a fakeout (35.2k to 35.6k)
so you can either trade the extreme ends or wait for a break out/down but it’s not recommended to trade mid range as it can go both ways
stay out of alts for now as btc is ranging hence huge volatility
will check back on the market tomorrow
cheers!
Crypto Mumbles
btc 15m tf you can take note of the price line too i had charted a price line at 35238 where I labelled "sells lower range" because if the candle had closed BELOW that line, I would have shorted and so will the market it's the line that would very likely…
remember that I shared this yesterday?
Crypto Mumbles
why 35238? 35238 is a very strong support that led btc to the 36k rally last week (left side) a green candle close above it sent prices flying up it was also a very strong resistance that led to btc's sell off when price couldnt close back above it (right…
here as to why it's such an important support line