After the sharp drop in the 28k range, we were able to see beautiful 4h reversal candles with good volume . Supported by WMA 50. Now the question is can we expect further upward movements in the 50k range or are we currently in wave 3 of the 5th downward wave. I prefer further upward movements. Anything over 50k would make me longtherm bullish , but there is still a long way to go.
4h chart
1h chart
15m chart
BTC.D vs OTHERS.D
I call the top
I manage to call the end of the 5th wave as well? Follow the green arrow to the point
FIB logscale roadmap with fractal
I would like to mention that all I post are just options and my own opinion !
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
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Bulls need a HL.All under 31k the fight ist lost, in my opinion
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Im waiting for iv H&S breakout and retest,than LONG
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i closed my trade.-2%
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possible Fractals
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strong resistance directly above us 0.618 retracement 1h MA200 4h MA50 1D MA300 1D Ichimoku cloud conversion line If 31k holds I give BTC a good chance for further upward movements But be careful, it could also have been an ABC correction
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Bullish view
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Bearish view
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extreme bullish view
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risky breakout short
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trade closed-1,27%
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Trading in Triangle Bullish and Bearish options
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For me it looks like a bottom is building
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look at the Volume
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Triple top or range in 1h chart, indicators prefer top in LTF 15m- 4h bearish divergence.1D MACD crosssed bullish and bullish RSI divergence.
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Bottom in LTF. I am waiting for confirmation in 4h chart for the next LONG
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