Update: Bitcoin it's goes toward the $35,000 USD before to up!!!
In this little update, Bitcoin was sell pressure today in H4 or you can view better in H2 timeframe. But, I see that Bitcoin it's turn bearish before to continue up toward the $50,000 USD. But now, I want to show a lot screenshoot to have 2 scenarios plan for bear and bull market and be strong prepared using my analysis.
Now, talking about enfocous more my technical analysis, I'm so enfocous more in H4 becuase we have 3 confirmations why I send you a Bitcoin bear signal in the past 10 hours in my yesterday analysis say you that we would to closed up our long position in H4 becuase Bitcoin turn bearish and also, in twitter I mentioned it that Bitcoin it's make a reversal before to continue up. So, we see a bearish divergence in the price action, RSI and MACD. Also, if you like to watch the H1 or H2 timeframe, noticed that we were into this simetric triangle flag. Now look, we break down and that mean that BItcoin it's still bullish in long term, medium term and short term, but right now we see a little correction that we can to get benefit to short Bitcoin.
So, today I closed up my long position with some loss becuase Bitcoin show us a bearish presure price action and then, I was obligated to closed up my positions in BTC and ETH for possibe correction in the market and then, pick up my some earns in Ethereum from the $1,190 USD. But, I will going to talk Ethereum too in my other next analysis. And I entry around of $39,356 USD, my SL around of $42,000 USD and my target profit I will going to move to $35,000 USD, becuase my foecast target was not touch at $34,000 USD, but yes it's was near, but now, I see that Bitcoin could to trying to down again, and for that, I reduce my target at $35,000 USD.
Now, one point it's in this screenshoot, we are forming this trend key line that allow if Bitcoin confirm the bull cases and keep this trend line, we can to bought in this zone. That it's my own strategy for this case.
Now, in H8 timeframe I hope this model on what Bitcoin make, I see that Bitcoin it's could to trying to make a support for second time at $35,000 USD to then, look if this zone are possible bought, another fundamental it's that maybe Bitcoin it's could to formed a possible accumulation zone or a possible ascendent triangle. For that reason, I believe to still pending some altcoins to pump.
Guys, if you like this analysis, share my analysis with others traders to have a different plan to trade Bitcoin and if you have any idea, you can to comment below of the commentbox.
Now, talking about enfocous more my technical analysis, I'm so enfocous more in H4 becuase we have 3 confirmations why I send you a Bitcoin bear signal in the past 10 hours in my yesterday analysis say you that we would to closed up our long position in H4 becuase Bitcoin turn bearish and also, in twitter I mentioned it that Bitcoin it's make a reversal before to continue up. So, we see a bearish divergence in the price action, RSI and MACD. Also, if you like to watch the H1 or H2 timeframe, noticed that we were into this simetric triangle flag. Now look, we break down and that mean that BItcoin it's still bullish in long term, medium term and short term, but right now we see a little correction that we can to get benefit to short Bitcoin.
So, today I closed up my long position with some loss becuase Bitcoin show us a bearish presure price action and then, I was obligated to closed up my positions in BTC and ETH for possibe correction in the market and then, pick up my some earns in Ethereum from the $1,190 USD. But, I will going to talk Ethereum too in my other next analysis. And I entry around of $39,356 USD, my SL around of $42,000 USD and my target profit I will going to move to $35,000 USD, becuase my foecast target was not touch at $34,000 USD, but yes it's was near, but now, I see that Bitcoin could to trying to down again, and for that, I reduce my target at $35,000 USD.
Now, one point it's in this screenshoot, we are forming this trend key line that allow if Bitcoin confirm the bull cases and keep this trend line, we can to bought in this zone. That it's my own strategy for this case.
Now, in H8 timeframe I hope this model on what Bitcoin make, I see that Bitcoin it's could to trying to make a support for second time at $35,000 USD to then, look if this zone are possible bought, another fundamental it's that maybe Bitcoin it's could to formed a possible accumulation zone or a possible ascendent triangle. For that reason, I believe to still pending some altcoins to pump.
Guys, if you like this analysis, share my analysis with others traders to have a different plan to trade Bitcoin and if you have any idea, you can to comment below of the commentbox.
Trade closed: target reached:
We touch our target.