Hi All,
************ At the micro level ************
Contrary to many people's forecasts bearish or bullish, I feel the market is neither and hence will have a ranging price for some time and will formulate some sort of support (to be established), which could be seen later on as accumulation area. Just like one would expect for the next bull run.Its just a gut feel based on historical trends.
For now, a small inverse H&S target, then a pullback to test the next support as per chart.
One can also observe the key fib. levels playing a role in both resistance and support, which equate to volume profiles as well.
This fits into my overall expectation at the macro level, below.
************ At the Macro level ************
At the MACRO level, I have the weekly MACD still bullish as well as the RSI being constricted to a range as well.
In both the MACD and RSI, I see them touching the bottom trend support in that indicator.
Eg, MACD bouncing off the signal on the weekly
Note: Any time the RSI on the WEEKLY drops below the RSI trend, then I'm bearish.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari
(for my reference > macro.charts)
************ At the micro level ************
Contrary to many people's forecasts bearish or bullish, I feel the market is neither and hence will have a ranging price for some time and will formulate some sort of support (to be established), which could be seen later on as accumulation area. Just like one would expect for the next bull run.Its just a gut feel based on historical trends.
For now, a small inverse H&S target, then a pullback to test the next support as per chart.
One can also observe the key fib. levels playing a role in both resistance and support, which equate to volume profiles as well.
This fits into my overall expectation at the macro level, below.
************ At the Macro level ************
At the MACRO level, I have the weekly MACD still bullish as well as the RSI being constricted to a range as well.
In both the MACD and RSI, I see them touching the bottom trend support in that indicator.
Eg, MACD bouncing off the signal on the weekly
Note: Any time the RSI on the WEEKLY drops below the RSI trend, then I'm bearish.
Please don't forget to give me a tick\like, as I would appreciate it.
Regards,
S.Sari
(for my reference > macro.charts)
Komentar:
Komentar:
chart update
Komentar:
How are we doing...important area for it not to go down but sideways or up.
Komentar:
It seems the bottom trend line will be tested again. oh well, will just have to be shorting for some time. We have 1 last point of support, then 7400 to 7500 if this doesn't hold. I would expect a bounce at the 8k at least then further downs . As on 1 of my previous posts, I had 7700 to 8200 to be tested, it seems it was delayed and now it has arrived. I haven't check the global markets but this is very important. BTC is not immune to global trends. Next I will look at the S and P. The weekly chart doesn't look good, we are now at the 100 EMA, the 200 is our last hope.
Komentar:
I expect a bounce here based on it being a fib level however a reversal is less likely.
If global markets continue to bleed, then I have BTC doing down to the next fib level.
If global markets continue to bleed, then I have BTC doing down to the next fib level.
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This community has signals now but with no risk management comms.
