I like to share my view on BTC in respect to and Heikin Ashi .
Blue Means- Bounce off to the upside
Red- Bounce off to the downside
Contraction Signs shows serious decrease in accumulation phase.
Higher Low detected but we still has lower high, for this higher low to be useful it has to follow with Higher high, which means price need to break previous high at 8461$.
Lots of price rejection also detected at the sub 6000-6100$ Level, implication of this is that we might have reach a stronghold level.
Fact remains that price can easily break to either of the side with breakdown has potential of 8-10% Profit target While if breakup has 23-25% Profit target and more.
Level to watch:
On the upside: 6235, 6807, 8461
On the downside: 6219, 6030, 5911, 5505
Break above 8500$ this will signal possible MOON incoming
Break below 5500$ this will implies possible 4275$ incoming
indicator already breakout from its which signal possible upmove. Will BTC price follow this? only time will tell.
Personally, still remain on BTC see you guys on the moon soon.
RISK/REWARD Ratio worth it, 30% to risk 10%, all we need is proper money management.
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