Now Bitcoin has violated its head and shoulder's neck line and in case of closing a daily candle below 46000 range , it can crash and go for MA 100 in weekly timeframe for first step. But be aware of the bottom of bullish channel , it can act like a support or even changing the trend !
To be said , MA 200 in weekly timeframe is calculated by a few logical numbers for next weeks , as you know , this moving average is really heavy to be moved rapidly , so in this case it is calculated for next weeks.
good luck and support me by your likes and follows .
To be said , MA 200 in weekly timeframe is calculated by a few logical numbers for next weeks , as you know , this moving average is really heavy to be moved rapidly , so in this case it is calculated for next weeks.
good luck and support me by your likes and follows .
Note
this is a long term , dynamic support!
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Danger
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finally
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As always , we have 2 limit orders .
One is on 40000 and the other 37000
Note
Macro stats , Tp1 was 43800 that is reached , and the second is 46200 .
Note
Its not right to draw a harmonic pattern before it reaches D point , but this is a possibility
Note
Enjoy my charts :)
Note
Note
Penhan AKA JavadIsHere
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Penhan AKA JavadIsHere
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.