Hi All,
(ref w.chart)
On the small time frame, we are looking for clues to have a bullish posture.
At the moment, on the weekly, I do see some downward pressure and the weekly candle close today is proof of this however the wick is positive.
It is likely like in my previous post update, link below that we are forming another favorite BTC structure, a symmetrical triangle and with no doubt, 100%, it will come to a squeeze with a 50/50 % chance either way. But that is not what this is about at the moment.
As per the chart, we can see a mini H&S in the structure, and we need this nullified by braking the neckline.
We also need it to break the blue trend resistance trend line and if all these come true, we have that potential symmetrical triangle.
Meanwhile, invest in the ALTs, and I do see ETH getting to break the 1257 neckline for a attempt on a new high..
on the 1 hr chart, I like to see the 13 ema cross back over the 50 ema, on this chart, I have the purple vertical lines representing the cross over.
All the best,
S.SAri
PS> I'm aware of the USD\DXY chart were USD might make new highs in the coming week\s but for now, it will be BTC advantage if it ranges on the bottom. See chart below.
BTC
4 HRLY chart
WEEKLY chart, downward pressure signs
3Day chart
ETH chart. If BTC gets rejected, you can see on the ETH chart, where this will line up to.
BTC vs DXY
(ref w.chart)
On the small time frame, we are looking for clues to have a bullish posture.
At the moment, on the weekly, I do see some downward pressure and the weekly candle close today is proof of this however the wick is positive.
It is likely like in my previous post update, link below that we are forming another favorite BTC structure, a symmetrical triangle and with no doubt, 100%, it will come to a squeeze with a 50/50 % chance either way. But that is not what this is about at the moment.
As per the chart, we can see a mini H&S in the structure, and we need this nullified by braking the neckline.
We also need it to break the blue trend resistance trend line and if all these come true, we have that potential symmetrical triangle.
Meanwhile, invest in the ALTs, and I do see ETH getting to break the 1257 neckline for a attempt on a new high..
on the 1 hr chart, I like to see the 13 ema cross back over the 50 ema, on this chart, I have the purple vertical lines representing the cross over.
All the best,
S.SAri
PS> I'm aware of the USD\DXY chart were USD might make new highs in the coming week\s but for now, it will be BTC advantage if it ranges on the bottom. See chart below.
BTC
4 HRLY chart
WEEKLY chart, downward pressure signs
3Day chart
ETH chart. If BTC gets rejected, you can see on the ETH chart, where this will line up to.
BTC vs DXY
Comment:
just fixing up my lines to be more accurate
Comment:
big reject on the neckline.
If this is to be a H&S, target is mid 30k.
If this is to be a H&S, target is mid 30k.
Comment:
Something just doesn't fit right with me with this bounce.
Bullish perspective
Bullish perspective
Comment:
why this level is so important.
Comment:
first bullish move...not there yet.
It meets the current ABCDE micro structure. Fingers crossed.
It meets the current ABCDE micro structure. Fingers crossed.
Comment:
Simplicity...all of a sudden, the chart ticks boxes.
Comment:
We got the bullish sign... lets hope the USD or DXY index doesn't stuff us up ... by making big upward moves.
Comment:
Comment:
so many bullish possibilities.
Comment:
Trade closed: target reached:
13 hrs later.
This post finishes here as a new post was created today.
This post finishes here as a new post was created today.
Discord: TradeToProspa
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
