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 aktif:
BTC hit target stated I closed my position
Lets see if it continues upward towards the 200SMA
FYI: SPY is hitting FIB 0.65-0.618 area
Lets see if it continues upward towards the 200SMA
FYI: SPY is hitting FIB 0.65-0.618 area