The monitor is purposely divided in two, 2H time frame on the top side and Daily time frame on the bottom side, to illustrate the “Mother” Resistance of 55 EMA at 23361$ on the daily time frame (highlighted with an orange circle) approaching to price channel. This may indicate that bullish momentum is not over yet until the 23361$ is not tested. Therefore, we may...
12 786 92 AM AS AD AR AP ......
by comparing btc we can see obv levels on daily time frame and 4 hr time frame ( FACTOR 6 )
for me both are AREA OF VALUE
SO DCA FOR BETTER RISK AND REWARD
(INSHA-ALLAH)
THANKS.
Bitcoin price action is showing no signs of stopping. 70K will be coming sooner than most shorts expect.
Trend lines have been forming, supports have held, most probable way is up.
Got some daily support acting as clear resistance now, in and around the 33,800 mark. We all know it's going up but if we can't break above and hold to close that 33,800 zone I'm going to be looking for shorts back down to the weekly 21ema, which would be around 27,000 ish. That would be a nice curl around on the weekly until heading back up for another run, could...
Waiting for 4h close below 9700 and will be entering a short swing targetting mid range , if we do lose that mid range its likely we go back to test lower areas at 8k and possibly yearly open at 7400 too
If you miss the profit, don't miss the lesson! As a Trader you can never be right all the time, We think differently from holders. Basically meaning, Every dollar lost is a price paid for a lesson learnt on each trade.
SWING TRADING set up
Trade:
The wedge discovered above can easily be found by using trend lines to connect the "higher- highs and lower lows,...
