147 Million Liquidated Fear or Bullish?
Weekly Time-frame
We are again inside the cloud.
We are expecting more to the upside for this weekly candle as it open a green volume from the Awesome Oscillator. Support at $43,440 to $42,010. We need to hold this support to keep the momentum to the upside.
Bullish RSI.
1D Time-frame
We are currently printing a Retracement Candle, bearish Harami means we can expect a red candle for today. Our Awesome Oscillator is still Bullish though so we can expect a long wick to the upside before we continue with the retracement to the downside. Watch out for Stop Loss Hunter at Support level $43,310. Yesterday we got an exact rejection in our EMA 144 which is in $45,360. We shall see a retest to this resistance, it’s forming a flattening slope which means we are experiencing weakeness. Don't trade against the upside trend, just wait pass the Retracement then ride to the upside.
4H Time-frame
Support area of $43,518 is good to open long position if it breaks then expect a drop more to the downside. RSI is not overbought anymore so more area to go to the upside again. 39 Greed & Fear Index means the market is in Fear. We can expect its momentum continues to the upside.
147M of long position got liquidated, giving us bullish sign since market becomes free sky (no celling ).
www.coinglass.com/Li...ear-and-greed-index/
We are still waiting for the breakout from the Double Bottom. and our Awesome Oscillator has not shown a sign of reversal yet.
We will discuss more on the possibility on our Live. Stay tune and check with us!
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Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
We are expecting more to the upside for this weekly candle as it open a green volume from the Awesome Oscillator. Support at $43,440 to $42,010. We need to hold this support to keep the momentum to the upside.
Bullish RSI.
1D Time-frame
4H Time-frame
147M of long position got liquidated, giving us bullish sign since market becomes free sky (no celling ).
www.coinglass.com/Li...ear-and-greed-index/
We are still waiting for the breakout from the Double Bottom. and our Awesome Oscillator has not shown a sign of reversal yet.
We will discuss more on the possibility on our Live. Stay tune and check with us!
Want more insights before US market open? Hit Like, Share, and Subscribe for more daily trading tutorial & cryptocurrency news
Trade Scholar, the best cryptocurrency educational community online!
Find the content above difficult to understand?
Feeling lost about how to trade?
Want to learn how to do your Own Price Prediction?
We endeavour to share you our investment knowledge & experience in order to help you starting your path to financial freedom. Follow, Subscribe & Join our Community to trade together!
Disclaimer: Above Technical Analysis is pure educational information, not Investment Advice. The information provided on this post does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website's content as such. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
