Note: This post is only focused on micro moves
Continuation of the previous post
Observations:
================
> Bitcoin price is gaining traction above the $7,400 and $7,500 resistance levels
> Approaching strong resistances starting with $7,640 and up to $8,000.
Thoughts:
================
A continuous failure near $7,700 and $7,800 could spark another bearish wave.
Still maintaining the structure of the reversal macro pattern of Inv. H & S. as per my previous posts.
Note, I changed my inv. H&S formation because the previous one did not kick off, hence my believe is that we are now completing the HEAD to the neckline.
If it goes towards 7700-7800, then the previous inv. H&S is confirmed.
Many think Inv H&S pattern, but I think a rejection at the 7650 to 6800 range will make way for this Inv. H&S. Why, because many inv. H&S patterns have not eventuated, and usually the bottom doesn't spring out that easily, its usually drawn out.
Thoughts on the MACRO
======================
I feel we are still in the working range of the bottom, not yet accumulation but establishing the boundaries, as per my post here and the main scenario I have posted in the past, link below.
PREVIOUS POST
Continuation of the previous post
Observations:
================
> Bitcoin price is gaining traction above the $7,400 and $7,500 resistance levels
> Approaching strong resistances starting with $7,640 and up to $8,000.
Thoughts:
================
A continuous failure near $7,700 and $7,800 could spark another bearish wave.
Still maintaining the structure of the reversal macro pattern of Inv. H & S. as per my previous posts.
Note, I changed my inv. H&S formation because the previous one did not kick off, hence my believe is that we are now completing the HEAD to the neckline.
If it goes towards 7700-7800, then the previous inv. H&S is confirmed.
Many think Inv H&S pattern, but I think a rejection at the 7650 to 6800 range will make way for this Inv. H&S. Why, because many inv. H&S patterns have not eventuated, and usually the bottom doesn't spring out that easily, its usually drawn out.
Thoughts on the MACRO
======================
I feel we are still in the working range of the bottom, not yet accumulation but establishing the boundaries, as per my post here and the main scenario I have posted in the past, link below.
PREVIOUS POST
Ghi chú
I'll be looking for similarities of the stochastic for the bounce Ghi chú
Bearish divergences appearing in the 30 to 2 hourly chartsGhi chú
The other alternative.Difficult to say.Ghi chú
another takeGhi chú
Ghi chú
Ghi chú
Looking bullish, keeping an eye on this position to decide if or not to go inGhi chú
Ghi chú
Ghi chú
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.