HEIKEN ASHI candles on the charts, take out the noise of change and show Trends better.
Bitcoin Daily Chart showing VRVP on the right. The lines mentioned below can offer Resistance, Support.
Horizontal Dashed Yellow - Value Area High VAH currently around 128K usdt
Horizontal Dashed Red - Value area Low VAL currently around 95K usdt
Horizontal Dotted Red line - POC, Point of control currently around 110k usdt
Horizontal Dashed Blue line - Current ATH
Notice the "Pocket" on the right, in the VRVP, just above the VAL. This is a price range that has little Trading volume and tends to attract PA. We are also currently in a little one and PA has risen in it.
The one just above us now, after the VAL line Could Take PA up to the POC around 110k
Likely to meet strong resistance there but PA is Very oversold right now..PA has the ability to push a lot higher
But it is TODAY that we really need to pay attention to.
See the Diagonal lines dropping down from left to right.
These Are FIB CIRCLES> and that Red one is a 236. Those that follow me will understand that I have always said to be careful of them.
And it is THAT that has been dropping PA since ATH.
And TODAY, we need to break through it or face a Stiff push lower.
I think we will break through but that VAL line could be a problem. Nervous day BUT with confidence.
DAILY MACD

MACD has crossed Bullish. WE do need to keep this going to renew sentiment but, as you can see, There is a long way to go before PA become OverBought..THIS alone could take PA back up to the 120k + zone..But there is a LOT of resistance en-route.
But this is a good sign
DAILY RSI

VERY Strong push up from OverSold on the RSI and, again, this shows some very good possibilities ahead as we come to month end.
So, Bitcoin PA has the ability to push high.
The 4 hour Bitcoin chart shows the shorter term

So, here it is...PA pushing up against that 236 Fib Circle, right where the VRVP has a line of resistance.
THIS is why today is so important. WE NEED TO BREAK THROUGH
On this 4 hour chart, you can see how PA is above the POC..that is support if we get rejected off the 236 fib circle.
The VAL is just below that and we bounced off that once before already
So, TODAY, watch this carefully....
In th elonger term, I do not expect BTC PA to Roar up just yet. Thge November candle will close RED, December will be Green as confidence returns and I am thinking that January will be EPIC.
But..we need to break this resistance today...
Hang on You Lot
Bitcoin Daily Chart showing VRVP on the right. The lines mentioned below can offer Resistance, Support.
Horizontal Dashed Yellow - Value Area High VAH currently around 128K usdt
Horizontal Dashed Red - Value area Low VAL currently around 95K usdt
Horizontal Dotted Red line - POC, Point of control currently around 110k usdt
Horizontal Dashed Blue line - Current ATH
Notice the "Pocket" on the right, in the VRVP, just above the VAL. This is a price range that has little Trading volume and tends to attract PA. We are also currently in a little one and PA has risen in it.
The one just above us now, after the VAL line Could Take PA up to the POC around 110k
Likely to meet strong resistance there but PA is Very oversold right now..PA has the ability to push a lot higher
But it is TODAY that we really need to pay attention to.
See the Diagonal lines dropping down from left to right.
These Are FIB CIRCLES> and that Red one is a 236. Those that follow me will understand that I have always said to be careful of them.
And it is THAT that has been dropping PA since ATH.
And TODAY, we need to break through it or face a Stiff push lower.
I think we will break through but that VAL line could be a problem. Nervous day BUT with confidence.
DAILY MACD
MACD has crossed Bullish. WE do need to keep this going to renew sentiment but, as you can see, There is a long way to go before PA become OverBought..THIS alone could take PA back up to the 120k + zone..But there is a LOT of resistance en-route.
But this is a good sign
DAILY RSI
VERY Strong push up from OverSold on the RSI and, again, this shows some very good possibilities ahead as we come to month end.
So, Bitcoin PA has the ability to push high.
The 4 hour Bitcoin chart shows the shorter term
So, here it is...PA pushing up against that 236 Fib Circle, right where the VRVP has a line of resistance.
THIS is why today is so important. WE NEED TO BREAK THROUGH
On this 4 hour chart, you can see how PA is above the POC..that is support if we get rejected off the 236 fib circle.
The VAL is just below that and we bounced off that once before already
So, TODAY, watch this carefully....
In th elonger term, I do not expect BTC PA to Roar up just yet. Thge November candle will close RED, December will be Green as confidence returns and I am thinking that January will be EPIC.
But..we need to break this resistance today...
Hang on You Lot
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
