Hi everyone! I've analyzed this chart for days. There are still lots of problems but signs became more obvious which might help you see clearly.
So here is the thing that I should warn you guys first... Its a risky strategy but worth to consider!
Last weekend, we saw the pullback from 9900 then took consolidation around 9300. That wasn't the outcome we expect.(accept it lol)
But I can tell from the indicators and EMA that the bulls still manage to attack again.
The orange dotted support line is a ideal buy zone if btc reached it.
Question1: How far could it reach?
We can see the 4hr Macd is squeezing. Probably will take few hours to form golden cross which means we can expect another pump up to the blue major resistance line around 10,000.
Would the bulls push further? The answer is uncertain. Go ask your master.
Confluence zone could make btc dip at any time. Imagine yourself in the storm circle lol..
Question2: Why is it a risky strategy? What's the biggest concern?
Lets get to the 1D chart. We can see MACD is on the brink of death cross. Probably you don't even check 1D BEFORE...
But u do remember the 1000points pump on 4/12 (The day 1D Golden cross took effect)
So the bulls don't have much time to take the breakout(Probably 1~2days left)
If u don't make it, you fail & fall!!!
There's also one choice if you are afraid to lose:
Don't do any trade, just be a coward.(kidding ;)
So here is the thing that I should warn you guys first... Its a risky strategy but worth to consider!
Last weekend, we saw the pullback from 9900 then took consolidation around 9300. That wasn't the outcome we expect.(accept it lol)
But I can tell from the indicators and EMA that the bulls still manage to attack again.
The orange dotted support line is a ideal buy zone if btc reached it.
Question1: How far could it reach?
We can see the 4hr Macd is squeezing. Probably will take few hours to form golden cross which means we can expect another pump up to the blue major resistance line around 10,000.
Would the bulls push further? The answer is uncertain. Go ask your master.
Confluence zone could make btc dip at any time. Imagine yourself in the storm circle lol..
Question2: Why is it a risky strategy? What's the biggest concern?
Lets get to the 1D chart. We can see MACD is on the brink of death cross. Probably you don't even check 1D BEFORE...
But u do remember the 1000points pump on 4/12 (The day 1D Golden cross took effect)
So the bulls don't have much time to take the breakout(Probably 1~2days left)
If u don't make it, you fail & fall!!!
There's also one choice if you are afraid to lose:
Don't do any trade, just be a coward.(kidding ;)
Comment:
ok I just woke up
Seems like the bulls are running out of time.
We are likely to drop to 8800. Lets see...
Seems like the bulls are running out of time.
We are likely to drop to 8800. Lets see...
Comment:
Sincerely apologize to u guys
I didn't notice that the falling wedge will cause the bear trap.
But things are getting interesting...
I will take the profit at 9438.1 around 1D ema
cuz we are still under the influence of 1D death cross
Bulls they are just trying to test the resistance>>> why?
Go Check your Rsi!!!
I didn't notice that the falling wedge will cause the bear trap.
But things are getting interesting...
I will take the profit at 9438.1 around 1D ema
cuz we are still under the influence of 1D death cross
Bulls they are just trying to test the resistance>>> why?
Go Check your Rsi!!!
But no much time left for the bulls to go
Will they success? Let's see