#Bitcoin must retrace

29 Jan 2020

WEEKLY:
- Bitcoin is making on the weekly TF a hidden bullish divergence and is landed in an order block
- If we take a bigger view of the weekly and we draw a Dynamic Resistance line from body to body, not body to wick, then we see that 9420 is an important level of resistance.
-


Daily

- Daily candle is making a Bearish Harami
Bearish Harami conditions:
• Uptrend market
• Big Bullish candle
• Small Bearish Candle
• A Bearish candle close above 50% real body ==> we've to wait
If these conditions are true, a retracement could be in place



4 HOUR

- Bitcoin is ranging on the Dynamic Resistance level
- A descending triangle is forming
-

Conclusion

We have to wait until it retraces before we can say more

29 Jan 2020

Catatan

Correction:
...we see that 9420 is an important level of resistance, must be 9470.

UPDATE: #Bitcoin can make new #BullFlag

29 Jan 2020

Catatan

I'm keeping an eye on the 9200$ level - it would be good to see an S/R flip here.

29 Jan 2020

Catatan

We're still in a #BullFlag