4 hour RSI is cooling off as we see declining volume and multiple 4 hour inside bars break bullish to start the morning. I am not expecting continuation just yet, but this gives bulls more space to work with as they try and pull off a daily bull flag. Breaking the low of current consolidation will not be a big red flag for bulls as we can still see very healthy daily consolidation if that is the case. The number 1 thing bulls are watching is the amount of bear volume on any pullbacks. EMA 4 hour support is catching up and should be in play more later today. I currently have some re-load bids set if we do drop to lower lows, otherwise I am remaining patient. Bulls would be fine with a slow sideways low volume day today.
Hmmmmm... 7800 then total chaos to find a new low, Bullrun to start for real within 2-6 weeks. 200/300 cross
tusco92
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Not healthy at all , never heard a trader or even a person who knows how technical analysis function could say or tell :
-Healthy consolidation -> fairy tail
Just crazy no knowledge ----> how could be a healthy consolidation at the top of the RSI and top of stoch.
Just stop trading .... the fall will be heavy hard and the risk is maximum at this point, the rsi line on your chart will pump,that's true but like a descending symetric figure of your rsi chart line, and then huge dump 79-80 RSI overbougth /to 28-30 oversold !
Lake of knowledge , read the chart no no no ---> just watch the indicator , they are completly overbougth and it's written in the chart !
8,6K is max of the max and there you will see what is finance .
Whales are not there to joke with plankton, principals objective are clearly take max of the market money.
Best regards. Trader thought
TheChartGuys
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@tusco92, Thanks I literally bellow laughter at this message out loud.
BTC-Pizzaiolo
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For those looking for a comprehensive and simple analysis to base your trades on, I have a new series of analyses up. Hope you guys get something out of it!
CryptoManiac101
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UnknownUnicorn1905571
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There was this giant symmetric triangle that we broke on June 10th and now BTC has climbed back exactly at retest price. According to you, what's the likelihood of the current situation being the retest of this triangle and a huge short entry? Thank you.
DILHOL3
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Out of curiosity, where have you set your re-load buys at? I currently have one around 7135 in between the moving averages, contemplating if I should move it up some with all the Bullish pressure and lack of bear volume so far.
TheChartGuys
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@DILHOL3, Mentioned this strategy in the video yesterday
DILHOL3
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@TheChartGuys, Thanks, will check it out, didn't get time to watch it yesterday.
RotiWokeman
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Let's collectively screech "moon" so that it happens for real this time.