Mapping the price in H1:
Some rules to understand the strategy:
- shade of red trends = primary (the black one are secondary trends)
- Redish trends is primary as medium investors are arbitring short/long term investors decisions.
Div: Trend vs demand/supply
-Ascending trends with red cloud is most likely tested twice before break up.
-Descending trends with green cloud is most likely tested twice before break up.
Conv: Trend vs demand/supply
-Ascending trends with green cloud doesn't need retest to break up.
-Descending trends with red cloud doesn't need retest to break down.
Current idea:
An important resistance for the BTC arround 7340$ is close to merge with the next objective for BTC! which is the medium term investors trend H4 => This consolide the idea that one last leg up is still missing before a retest of the H4 mobile support.
I don't expect to reach the top of the green cloud arround 8k$ now.
If the scenario turns bearish, two first support are identified on the chart (mobile and static).
Gl
Don't forget to the big picture: :)
Some rules to understand the strategy:
- shade of red trends = primary (the black one are secondary trends)
- Redish trends is primary as medium investors are arbitring short/long term investors decisions.
Div: Trend vs demand/supply
-Ascending trends with red cloud is most likely tested twice before break up.
-Descending trends with green cloud is most likely tested twice before break up.
Conv: Trend vs demand/supply
-Ascending trends with green cloud doesn't need retest to break up.
-Descending trends with red cloud doesn't need retest to break down.
Current idea:
An important resistance for the BTC arround 7340$ is close to merge with the next objective for BTC! which is the medium term investors trend H4 => This consolide the idea that one last leg up is still missing before a retest of the H4 mobile support.
I don't expect to reach the top of the green cloud arround 8k$ now.
If the scenario turns bearish, two first support are identified on the chart (mobile and static).
Gl
Don't forget to the big picture: :)
Comment: