Bitcoin - Hit of a Strong Trading Channel - 7 May 2022
KRAKEN:BTCUSD in the past 3 weeks was in a really tight range of 8% and 2 days ago dropped significantly breaking the strong support at $37'500 and was stopped 24H ago on major dynamic support from W time frame.
What is the supported thesis technically for the expected scenario on Bitcoin?
- there are two potential scenarios one with 25% probability and one with 75% probability
- If the price breaks even with $100 this yellow line - probabilities for a drop to 32K will be 75%
- The MACD indicator hits low points and soon will start forming
- Accumulation on bigger time frames supports the thesis that this is still a connection between major 4 and major 5 wave
- Don't over-react the situation still nothing so scary
If you have any questions related to this trading idea I will be happy to provide you with answers.
What is the supported thesis technically for the expected scenario on Bitcoin?
- there are two potential scenarios one with 25% probability and one with 75% probability
- If the price breaks even with $100 this yellow line - probabilities for a drop to 32K will be 75%
- The MACD indicator hits low points and soon will start forming
- Accumulation on bigger time frames supports the thesis that this is still a connection between major 4 and major 5 wave
- Don't over-react the situation still nothing so scary
If you have any questions related to this trading idea I will be happy to provide you with answers.
Publikasi terkait
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.