We are currently inside of a green weekly candle on bitcoin after a nice run for crypto.
However, we are still inside of a big red monthly candle, putting Bitcoin at risk for going Full-Timeframe Continuity to the downside. This means each timeframe’s latest candle is a red candle which indicates selling on all timeframes.
Here are the short targets into full-timeframe continuity to the downside for Bitcoin.
My ideas from my last posts still stand, putting a potential bottom for Bitcoin at 13,000 to 16,000, which is the bottom of the broadening formation on the longer term timeframes.
All of my posts thus far follow a trading strategy called “The Strat”, which is based on price action scenarios, multiple timeframes, and broadening formations.
Educational purposes only, thanks for reading :)
However, we are still inside of a big red monthly candle, putting Bitcoin at risk for going Full-Timeframe Continuity to the downside. This means each timeframe’s latest candle is a red candle which indicates selling on all timeframes.
Here are the short targets into full-timeframe continuity to the downside for Bitcoin.
My ideas from my last posts still stand, putting a potential bottom for Bitcoin at 13,000 to 16,000, which is the bottom of the broadening formation on the longer term timeframes.
All of my posts thus far follow a trading strategy called “The Strat”, which is based on price action scenarios, multiple timeframes, and broadening formations.
Educational purposes only, thanks for reading :)
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.