Quick fib levels for retracement on the 4hr chart
So far in the FREE Telegram chart we have got bitcoins direction and levels almost with 100% accuracy, thanks to Tom, Tech, Trassos and Stefano all helping being a guiding light to many traders over the course of 2018 and before, we got big things planned for this year so sign up at the website www.buythefuckingdips.com
We have a new indicator called "Cycle of Power" and will do a video on this soon, currently with this snapshot its in the red showing us the bear situation and needs to come up into the green before we make any longs or bullish moves, lets see how it gets on in this timeframe
After numerous squeezes creating some ranging volume gave some good plays
BTC bounced at the 50% fib level and expecting to come down to test further low levels from june and poss april
It does not look like $5800 will break soon but if some really hyped up news at that level we could see a big break down
If we reach up and over 6660 and we could see some slightly bullish moves as we go into the weekend, gotta feeling the MM's will butter up bitcoin for a bulltrap and long squeeze weekend....
**ALSO remember many people will be cashing out BTC for the summer holidays in the Northern Hemisphere - $22bn went out today alone**
keep stops tight and BTFD!
So far in the FREE Telegram chart we have got bitcoins direction and levels almost with 100% accuracy, thanks to Tom, Tech, Trassos and Stefano all helping being a guiding light to many traders over the course of 2018 and before, we got big things planned for this year so sign up at the website www.buythefuckingdips.com
We have a new indicator called "Cycle of Power" and will do a video on this soon, currently with this snapshot its in the red showing us the bear situation and needs to come up into the green before we make any longs or bullish moves, lets see how it gets on in this timeframe
After numerous squeezes creating some ranging volume gave some good plays
BTC bounced at the 50% fib level and expecting to come down to test further low levels from june and poss april
It does not look like $5800 will break soon but if some really hyped up news at that level we could see a big break down
If we reach up and over 6660 and we could see some slightly bullish moves as we go into the weekend, gotta feeling the MM's will butter up bitcoin for a bulltrap and long squeeze weekend....
**ALSO remember many people will be cashing out BTC for the summer holidays in the Northern Hemisphere - $22bn went out today alone**
keep stops tight and BTFD!
Trade active:
big golden cross on the 200/50MA's so after this dump we should be good for a bullrun in a week or so
big golden cross on the 200/50MA's so after this dump we should be good for a bullrun in a week or so
Comment:
edit 100/50 SMA cross
Trade active:
massive sell wall at 6400 numerous tests, looks like 6k is in sight....
massive sell wall at 6400 numerous tests, looks like 6k is in sight....
Comment:
cannot get over 6400, huge sell walls
cannot get over 6400, huge sell walls
Comment:
8hr death cross
