Hi everyone and Happy new years 2023 From Thailand. Wishing you happy and wealthy.
Okay let talk about BTC, we surely BTC are in downtrend and now are sideway in downtrend after that no one know it will go to lower low or make reversal pattern but we can do trading by use Stochastic you see in Charts Stochastic quite affect in sideway, my advise is when...
Bullish Divergence is signal of reversal or sideway, that is probability not 100% happen,
then if Reversal happen what should BTC do?,
1. you can see Downtrend line they have to break out before reversal and after break out
2.confirm reversal is make Higher High Than 31745
If Reversal not happen it will be sideway range 31745 - 18755 and let see again what...
We surely BTC now are downtrend In Timeframe Day but in Timeframe Week still up trend because still upper MA 200 , if we use Dow theory They starting make lower high, Lower low it's may be a Starting of Downtrend in Timeframe week then let see if break down MA200 (or around 25,800) will confirm downtrend in week and the Next level support around 19,500.
#Keep planning
I use Stochastic, If Oversold without Lower low 1630 SET will go up but, If Breakdown supports line is 1625 1620
If u wait for collect stock, My idea Set index around 1630 can collect.
If they still last candle like this may it happen but we have waiting for confirm by next candle close make lower low last candle or below 990. if it happen that wave from 945 to 1005 it can be a rebound in big timeframe (4H&Day)
Can be Inverse Head&Sholder or not?? Let see
If can break 1633 and stay will test to break 1643 but in my idea , Index are not strong enough (Indicator doesn't support to break but it can happen too.)
