Traced green line stand for main trend continuation on the 4 hrs. Some little corrections could happen as already did.
The purple line is the 1 day timeframe uptrend support line (1D chart is not shown in this picture)
If the trend keeps going over this line in the 4hr the uptrend is confirmed and strong. If any under the line correction happens set your SL and think well your strategy.
If a downward trend will start it has to confirm at least 3 4hr candles under the line and give more signals of fundamentals and momentum bear switch. If it doesn't happen it can be just a shakeout for weak hands before attempting a serious ride over 1k $.
$BTC
Stay safe.
The purple line is the 1 day timeframe uptrend support line (1D chart is not shown in this picture)
If the trend keeps going over this line in the 4hr the uptrend is confirmed and strong. If any under the line correction happens set your SL and think well your strategy.
If a downward trend will start it has to confirm at least 3 4hr candles under the line and give more signals of fundamentals and momentum bear switch. If it doesn't happen it can be just a shakeout for weak hands before attempting a serious ride over 1k $.
$BTC
Stay safe.
Trade active:
Uptrend keeps consolidating, destroying resistance levels one after the others. Buy in the dip.
Trade active:
Comment:
Confirming the uptrend towards target (E)
Trade active:
Breakout of uptrend channel, great trade here! :)
Wait for a (little/big) retrace soon.
Wait for a (little/big) retrace soon.
Comment:
Fake dump happened as supposed, shaking weak hands out of the scene.
Many big liquidations in proper forex styles triggered here to continue, or at least attempt to, the rise up over 1100 $ .
Still have too look cautiously how the market reacts now, check for momentum switch to short bear or medium bear setup. If no significant downward move happens in the next 12/18 hours a continuation of the uptrend can be a strong possibility.
Many big liquidations in proper forex styles triggered here to continue, or at least attempt to, the rise up over 1100 $ .
Still have too look cautiously how the market reacts now, check for momentum switch to short bear or medium bear setup. If no significant downward move happens in the next 12/18 hours a continuation of the uptrend can be a strong possibility.
Trade closed manually:
After this news BTC dumps. Wait for some stabilisation , be patient. However if you followed my idea since its start you should have achieved ENORMOUS profits.
Have fun, stay safe.
Have fun, stay safe.
