Future possiblity (frontrunning) Monthly Chart outlook (Bitcoin)
It's good to have some idea of what could happen, this way you can plan.
The chart is pretty self explanatory. I'm looking for a rollover that will lead into stronger selling, driving the price down only to be picked back up for a green bullish 7 of 9 hammer candle.
It may not wick up in the same month, it may close and open the next candle at the bottom and then go up, either way, I'll be looking for a bottom down there somewhere.
I'm looking for the RSI to come down a little and bounce off the moving average (will be confluent with what's going on in the price action).
I'm looking for early Sept to be a possible entry.
If you would like me to explain further in a video. Just subscribe to my youtube channel "Kick Back Time" (just go to youtube and do a search for those exact words, should come up)
Right now I have no subscribers, however...
...if I start to get subscribers, this will tell me people are interested in learning more and I will start making screen sharing videos on a regular basis that go into further detail and down into the smaller time frames.
Liking this idea is also encouraging...
Kick Back Time
The chart is pretty self explanatory. I'm looking for a rollover that will lead into stronger selling, driving the price down only to be picked back up for a green bullish 7 of 9 hammer candle.
It may not wick up in the same month, it may close and open the next candle at the bottom and then go up, either way, I'll be looking for a bottom down there somewhere.
I'm looking for the RSI to come down a little and bounce off the moving average (will be confluent with what's going on in the price action).
I'm looking for early Sept to be a possible entry.
If you would like me to explain further in a video. Just subscribe to my youtube channel "Kick Back Time" (just go to youtube and do a search for those exact words, should come up)
Right now I have no subscribers, however...
...if I start to get subscribers, this will tell me people are interested in learning more and I will start making screen sharing videos on a regular basis that go into further detail and down into the smaller time frames.
Liking this idea is also encouraging...
Kick Back Time