It's very important my technical analysisi. Because in the weekly we can to see what trend we can to do to entry in the operations. So, in the H4 timeframe we see a movement bearish for Bitcoin and a possible pull back in the rising wedge if we see in H1 timeframe to entry in a short trade with confirmation of price action (that is very important to take our decision).
On this screenshoots we are in the ABC pattern in the point C of this pattern to enter in a possible trend change and follow the elliot wave theory that we can see this level of price that we will hope and a possible buy on the level 5, 700 k in Bitcoin. So, prepare when Bitcoin is going to down the price and save money to buy Bitcoin or trade in short it.
but, now the price it's cant to continue above of $9k because there are a Fibonacci level state 0.78% of Fibonacci that don't accomplish what the price pass up. So, this level of Fibonacci 0.78%, 0.618% and 0.382% I was did draw on Daily timeframe.
Look in H1 timeframe on this screenshoot. I see that we are in near of oversold and the price it's can to give a movement like a pull back to later to continue in a short trend. So, take and put an alarm when the price arrive in this zone and please hope it when the price is have a confirmation to entry in a short and look up the indicators!!!
And the daily, this is a better see proyection of when trend we are. So, look up how Bitcoin is up and up hte price and what will happen now in this situation of the market. And also, the indicator in daily are overbuy. And this mean that cooming soon Bitcoin is going to make a movement very but very bearish and also, if you take a reference my technical analysis in weekly that I created for you. Below on this idea trade, I add the link of this weekly technical analysisis as related ideas.
On this screenshoots we are in the ABC pattern in the point C of this pattern to enter in a possible trend change and follow the elliot wave theory that we can see this level of price that we will hope and a possible buy on the level 5, 700 k in Bitcoin. So, prepare when Bitcoin is going to down the price and save money to buy Bitcoin or trade in short it.
but, now the price it's cant to continue above of $9k because there are a Fibonacci level state 0.78% of Fibonacci that don't accomplish what the price pass up. So, this level of Fibonacci 0.78%, 0.618% and 0.382% I was did draw on Daily timeframe.
Look in H1 timeframe on this screenshoot. I see that we are in near of oversold and the price it's can to give a movement like a pull back to later to continue in a short trend. So, take and put an alarm when the price arrive in this zone and please hope it when the price is have a confirmation to entry in a short and look up the indicators!!!
And the daily, this is a better see proyection of when trend we are. So, look up how Bitcoin is up and up hte price and what will happen now in this situation of the market. And also, the indicator in daily are overbuy. And this mean that cooming soon Bitcoin is going to make a movement very but very bearish and also, if you take a reference my technical analysis in weekly that I created for you. Below on this idea trade, I add the link of this weekly technical analysisis as related ideas.
Trade active:
On this moment, we are to see if Bitcoin is now to confirm the next candlestick in H1 timeframe, but if we see a bearish candlestick we can to entry in a short position, if the Bitcoin doesn't show a candlestick bearish, it's a great bear trap for bulls.
Trade active:
Bitcoin is starting down the price, my predictions is very well for now, If you enter for approximately 8800 USD in the prreviously candlestick or the candlestick in some timeframe as M30, you may to pick up your pips, the price is down approximattely 1.18%
Comment:
But, the target profit final I have in 8100
Trade closed: stop reached:
Wow. Bitcoin make a manipulation and all SL are touch. And also the pattern Shoulder Head Shoulder id invalidated that I knosing tjat we are in a bearish pattern. So. I make a good work so. Only So, donr worry. I can tl woek on there. Only I have just 2 weeks practice en DEMO and study my errors. Don't worey. My technical analysis is very good,but also if I closed my target profit in the near support and enter as short and later enter as long. We would earns. But, its so my practice guys😃 to bwcome a trader. So the key of success is more a nd more practice to be trained.
For a moment Bitcoin represent a respect of the 61% of Fibonacci, possible short to entry!!! Make see the pendent!!!!