I'm back with my new weakly BTC Realtime,Number 10.
Firts of all i need to confess something.My last BTC Realtime(#9) was a total CRAP.I saw much signs and even mentioned all of them in my idea but published it with a main chart.That fault caused by my emotional weakness but like all i'm a human and i think best humans find their mistakes and weaknesses and try to turn them to power.So i'm sorry about that and need to thanks all of you that support me again even with that fault.
Second,main chart of this idea just contains what i see in chart and don't want to predict anything,so let's check what we have in chart.
After BTC dropped out of that in July 29th,turned to a falling knife again and we didn't see any meaningful retrace or correction for this downwards except some boring sideway that just full BTC's Fuel for falling.
As you see in my chart we can draw a for last movement's,but almost.exactly now,with my typing, BTC try to break this channel.After that we need to see a correction now,as you see we are about to make Death Cross and it will happen with next BTC's negative movements.That cross will show us that BTC doesn't have much hope to stop still 5100.
I draw some important supports in chart too with black and red color and an arrow that show them,but what they are?My friendas and were with me in my BTC Realtime know this supports but i will explain them again for those that are new or forgot it.
I believe that after dec we made 2 long term in BTC chart that one of them worked last month with an iH&S.This is one of my supports and i draw it with black.Second support is a line that connect BTC last lows to each other and i draw it with red.To understand this situation better,please look at , bellow:
As you see alongside of those two support we are in potential fib retrace zone,now.All of these make me believe that we will see a little retrace or even reversal soon,but we need to make it soon.Believe me after Death Cross all thing will turn more harder.
In chart above we have multiple EMAs that play resistance role now and exactly are in different fib levels.This Chart show how this way up is hard.But like always Supports and Resistance made for break and if market decide to break them,will break.
Back in 4H chart,in Indicator i have a very important line that we had important reactions to it from july and now we break it again in a way.In Daily we are above my support,yet and made a reversal after touched it.It's a good sign.
In lower time frames we have almost signs that maybe making our retrace now,need to see.But first important resistance exceptmy areas(red=resistance yellow=support) is this line in my view,chart bellow:
As you see we broke it now temporary and need to hold this,fail in holding this achievement will cause Death Cross Sooner.In that case we have path like chart bellow:
Like always i will update this weakly idea in Realtime with any sign.Thanks all of your togetherness and kindness again.
Please like this idea if you like my job and leave here a comment for me to know what is your opinion.
Thank all people that joined my telegram channel,Good News,I will start to work there in this week.I have a great plans for there that are about :
2.New Assets and Coins introduction.
3.Technical Analyse Learning
4.Trade points and strategies in Crypto and Forex Market.
5.New Analyse and Updates.
6.Private Chat and Consultation for Members.
Please join me @ t.me/peymanA71 quickly.For better quality i will make it private soon.
AS you see i use fib retrace with 2 different start point and in first one we are exactly at 78% and in second one that started from little higher we passed the 78%.In Daily RSI BTC lost its support and in 4H we had a revers exactly in that important area,i mentioned yesterday.So all of these show us we shouldn't have much hope before 5100 but before that we need to break my second and more important support first.
Somehow if we didn't break first support,it will became a different bad situation. imagine what i draw in chart bellow:
Yeah with weak strength in market we will form a H&S that was more dangerous that classic fallings.But be careful,BTC can form that f***** H&S,still but have litte chance to see that.
First : short term and resistance i draw for you last day.imagine we can break third one we will have chart bellow:
If you see it exactly you can find out we will have a potential h&S after reach next resistance.see it better:
We can make this even if we break next resistance and reach my broadening wedge resistance.Must to break broadening wedge and reach 7050 for a little safety.
After that H&S we will have a more horrible destiny in mid-term.
Second : mid-term.Just see this :
Yeah,this ugly H&S again.Maybe i said(in 3 days ago update) this is a tilt H&S or volume profile not fit but with pressure of little H&S we will trigger this too.
Because of these i said we need to bounce soon or honestly,i prefer to continue drop from where we are now,at least we fall with less pressure in this case.
So just can say GOD SAVE BTC,lol.and good luck for those that hold BTC or Traders that didn't sell with us when i said.
Hope we see bulls kingdom,there.