As i mentaioned one week ago in my post we are in rising channel on the weekly timeframe. Rising channel on the weekly is going from top of the bull run in 2018 and has 3 perfect touch points.If you want you can check it on my profile. However on the smaller 4 hourly timeframe we have another one with 3 touch points on the upside and downside. We are at resistance...
We are in rising channel on the weekly and 4 hourly timeframe. BTC is now above resistance line from 39.3k and 40.6k is interesting to see if we can turn it to support now. RSI is overbought so it is most likely to retest resistance and turn it in to support. What do you think about my opinion? If you like my ideas please follow me and like the post, i am new to...
Today i opened small short position on Btc because of the rising wadge retest on 4 hourly timeframe.The Bulls showed up and my stop loss was hit, however i am still in my huge long position from the bottom of the channel on the weekly timeframe at 33k. At the moment we are kissing huge 40.6k resistance.We got rejected and supported from that line in the past year...
I said yesterday in my post that we my go down to retest the bottom of the channel on the weekly timeframe which is going to be 33k. Now i just opened small short position on BTC because of the retest of the rising wadge on the 4 hourly timeframe. My profit taking area is around 34k. Dont be manipulited by this small pumps and trade smart. Dont get me wrong i am...
I have mentioned in my earlier posts that we are in huge rising channel on the weekly timeframe. On the weekly we are looking bullish, however on the shorter timeframes i see some bearishness. On the daily BTC has printed a bearish engulfing candel which tells me that retest of the bottom of the channel is most likely to happen. But that makes me even more bullish...
LIke I said in my post from three days ago BTC is in the rising channel but ETH has even better one going back from 1.8.2018. We have 3 touche on the downside and 3 on the upside with makes this pattern perfect. I am very confident that BTC and ETH are allready at the bottom but we maybe come down to test it again to scare some more peaple bevor we go up. I dont...
As I mentioned Yesterday in my Post we are in the rising channel on the weekly Timeframe,However on daily we are in Falling wedge like last year witch i am expecting to breakout to the upside. Volume is declining and as we go sideways i am expecting big volume spike witch will bring as to the ATH very fast. Another indication that we are going to pump above 100k...