Hey guys! Well this is my first trading view post. This analysis of the chart won't be too lengthy , just enjoy it:)
After the bloodbath we can see the bearish pennant was formed , then apparently btc drop fiercely again.
With that swing low, we could see the resistance line and support line force us to move downtrend.
Also there's one thing u should realize is that these candles are still in the process of forming the flat correction, wave B
which was estimated to be done at the price between 6200~5900 (depends on the situation).
Another pump is about to happen after the wave B, just be patient and steady. Reload ur btc ammo, have fun!!!!
After the bloodbath we can see the bearish pennant was formed , then apparently btc drop fiercely again.
With that swing low, we could see the resistance line and support line force us to move downtrend.
Also there's one thing u should realize is that these candles are still in the process of forming the flat correction, wave B
which was estimated to be done at the price between 6200~5900 (depends on the situation).
Another pump is about to happen after the wave B, just be patient and steady. Reload ur btc ammo, have fun!!!!
Trade active:
Volume keeps decreasing! There might be the bull trap.
Trade active:
what a smart ambush!
we can see the rsi divergence and btc reached lower low price.
well.... bang That's the reason why the big green candle was formed.
Unfortunately it was during my rest time and I didn't even notice that.
But I will update my new chart ASAP!!!
BTW I know I hav some followers from Asian Crypto Group. So I will start to provide Chinese version next time.
we can see the rsi divergence and btc reached lower low price.
well.... bang That's the reason why the big green candle was formed.
Unfortunately it was during my rest time and I didn't even notice that.
But I will update my new chart ASAP!!!
BTW I know I hav some followers from Asian Crypto Group. So I will start to provide Chinese version next time.
In few hours it will drop back to the original price range.(65~67xx)
Just be patient as I mentioned before.