Hello...
Here is my analysis on BTC for next possible target - this is a bullish (short term position) since we are in a BEAR FLAG and expecting more downside from BTC in the long run
TIMEFRAME - 8HR
BULLISH PENANT - Broke penant in lower timeframes
FFEMAR - Above all indicator levels
BEAR FLAG - Bounce of below trend lines (white)
VRVP - Crossed VRVP in lower timeframes
MACD - Showing decrease in sellers strength
SUPPORT RESISTANCE DYNAMIC - Bounce off support level
If it stays above VRVP target is at $24,294 which is the next SUPPORT RESISTANCE DYNAMIC level which will be hard to reach since there is
also a resistance level below (RED ARROW) as indicated by VRVP
Studying this markets to become a Trader!!!! lets keep it going!!
Any comments or ideas are welcome
Thank you,
Here is my analysis on BTC for next possible target - this is a bullish (short term position) since we are in a BEAR FLAG and expecting more downside from BTC in the long run
TIMEFRAME - 8HR
BULLISH PENANT - Broke penant in lower timeframes
FFEMAR - Above all indicator levels
BEAR FLAG - Bounce of below trend lines (white)
VRVP - Crossed VRVP in lower timeframes
MACD - Showing decrease in sellers strength
SUPPORT RESISTANCE DYNAMIC - Bounce off support level
If it stays above VRVP target is at $24,294 which is the next SUPPORT RESISTANCE DYNAMIC level which will be hard to reach since there is
also a resistance level below (RED ARROW) as indicated by VRVP
Studying this markets to become a Trader!!!! lets keep it going!!
Any comments or ideas are welcome
Thank you,
Trade active
BTC hit target stated I closed my positionLets see if it continues upward towards the 200SMA
FYI: SPY is hitting FIB 0.65-0.618 area
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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.