BitcoinDiupdate BTCUSD The Big Picture
Disclaimer: I can't predict the market and I doubt you can too! But let's use the trading tools we have to make couple observations.
I had seen this big picture move coming but I didn't pay it mind! I will post a picture I took of it! but Let's talk BTC/USD
My focus here will be whether or not it can complete the -27 at 4.9k or fall further to the -618 at 3.1K
1. There's no buyers on the weekly chart.
- Even though Sunday ended with that hammer, there was no buyers in the market! I did exit partial of my position to keep it safe.
2. The structure of the daily chart is bearish!
- It broke the 6.1K low and fell further to 5.7 and bounced from that Lower Low.
- 5.7k flat was the target (TP) of the last trade I sent out! but I fear the market could give more sooner than I thought! Especially with the -27 of this 61.8 trade being at 5k flat.
3. The market could trend on the 1 Hour and 4 Hour all it wants too but it means nothing if the higher timeframe don't support the move or else it's just retracement until it falls further.
3. The 50 EMA is keeping my might at ease right now!
As of today, June 27th
- The Daily 50 EMA is serving as resistance from 7.2K
- H4 50 EMA is serving as resistance from 6.3K
What would it take for BTC/USD to trend bullish?
-My opinion
1. Honestly, it would have to hit the -27 at 5k flat. That would keep me at ease.
2. I would like to see it breakout of that bearish Channel
3. Buyers to show up on the weekly (reversal candles on the weekly
4. The EMA to serve as support on the Daily and H4
If you enjoy this read! Comment and Like
Ask for any analysis if you'd like!
Once again, those are my opinions! Al this could be trash but I trade them.
Thank you
I had seen this big picture move coming but I didn't pay it mind! I will post a picture I took of it! but Let's talk BTC/USD
My focus here will be whether or not it can complete the -27 at 4.9k or fall further to the -618 at 3.1K
1. There's no buyers on the weekly chart.
- Even though Sunday ended with that hammer, there was no buyers in the market! I did exit partial of my position to keep it safe.
2. The structure of the daily chart is bearish!
- It broke the 6.1K low and fell further to 5.7 and bounced from that Lower Low.
- 5.7k flat was the target (TP) of the last trade I sent out! but I fear the market could give more sooner than I thought! Especially with the -27 of this 61.8 trade being at 5k flat.
3. The market could trend on the 1 Hour and 4 Hour all it wants too but it means nothing if the higher timeframe don't support the move or else it's just retracement until it falls further.
3. The 50 EMA is keeping my might at ease right now!
As of today, June 27th
- The Daily 50 EMA is serving as resistance from 7.2K
- H4 50 EMA is serving as resistance from 6.3K
What would it take for BTC/USD to trend bullish?
-My opinion
1. Honestly, it would have to hit the -27 at 5k flat. That would keep me at ease.
2. I would like to see it breakout of that bearish Channel
3. Buyers to show up on the weekly (reversal candles on the weekly
4. The EMA to serve as support on the Daily and H4
If you enjoy this read! Comment and Like
Ask for any analysis if you'd like!
Once again, those are my opinions! Al this could be trash but I trade them.
Thank you
Order dibatalkan
Catatan
Market is changing trend!
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.