There's rebound from descending trend line. Correction phase is not finished yet.
Let's analysis BTC briefly.
A. Daily Chart
2 consecutive Hanging man candles
.positive : there's still momentum for going up
.negative : hanging man on top -> additional drop
=> usually drop additionally. check what it is going on in this time
B. 4H Chart
Supported by ascending trend line(orange)
C. Fibonacci
expected to be fell down to Fib. 0.382~0.5 but not. if it drops again, check this range.
D. Sum.
Corrective phase is not finished yet. for bullish market, it need to break $7150(neck-line) and trend-lines. until this moment, my mid. strategy will be Short.
If you are conservative trader, wait until this moment.
If you are aggressive trader, find out buy signal in short-term and then take short profits. (or keep your stop-loss)
This is the end of my idea. Set your strategy.
today, there're no real updated comments. hope you guys trade safely without my comments.
Thanks and see you next my idea with monthly chart.
if you got help from my idea, +Thumb up, +Follow.
:)
Let's analysis BTC briefly.
A. Daily Chart
.positive : there's still momentum for going up
.negative : hanging man on top -> additional drop
=> usually drop additionally. check what it is going on in this time
B. 4H Chart
C. Fibonacci
D. Sum.
Corrective phase is not finished yet. for bullish market, it need to break $7150(neck-line) and trend-lines. until this moment, my mid. strategy will be Short.
If you are conservative trader, wait until this moment.
If you are aggressive trader, find out buy signal in short-term and then take short profits. (or keep your stop-loss)
This is the end of my idea. Set your strategy.
today, there're no real updated comments. hope you guys trade safely without my comments.
Thanks and see you next my idea with monthly chart.
if you got help from my idea, +Thumb up, +Follow.
:)
