Just making this brief:
Observations:
Dropping towards 1 hrly 50 EMA; Support.
Trend in line with #BTC pullback;
Trend still bullish and this is considered consolidation;
4 Hrly Chart: (daily is similar)
RSI, 69 indicating on the upside strength and at the level with previous movements towards the upside;
ADX and DI indicating strength (green line) is towards the upside;
Stoch RSI having crossing over meaning trend reversal, that to the upside;
Conclusion:
Bull flag forming, target 400.
Too early to say, but it could be a symmetrical triangle, or the middle of a down ward wedge.
Observations:
Dropping towards 1 hrly 50 EMA; Support.
Trend in line with #BTC pullback;
Trend still bullish and this is considered consolidation;
4 Hrly Chart: (daily is similar)
RSI, 69 indicating on the upside strength and at the level with previous movements towards the upside;
ADX and DI indicating strength (green line) is towards the upside;
Stoch RSI having crossing over meaning trend reversal, that to the upside;
Conclusion:
Bull flag forming, target 400.
Too early to say, but it could be a symmetrical triangle, or the middle of a down ward wedge.
Trade active:
Comment:
DAILY Chart
Trade active:
Better holding BTC at this stage.
Comment:
Again, Fib. circles are accurately hitting the mark.
Trade closed: target reached:
The target was 400, it hit 402 today. Nice. The next immediate target is 410. Hence I'm closing this post to open another new one.
Discord: TradeToProspa
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
