If you are busy, you can just read below briefly
'A. Briefing '
'E. Summary and Strategy'
. Fail to penetrate 20EMA on
. Supported by in short-term
B. Weekly Chart
Fail to stay over descending trend lined
Fail to go up over Fib. 0.382 -> indicate that it may falls down -> drop
C. Daily Chart
if short term is broken, expect to be supported by blue circle(long term )
Breakout upper side of -> formed ascending flag -> breakout lower side of flag -> fail to be supported by upper side of triangle
The target for and on is between $5000~$5500. This is just for your reference. Many cases are showing failure of the targets.
D. 4H Chart
It should not be fallen down under $6170 to be recognized trend reversal based on Dow theory.
Breakout of -> Triangle -> breakout of the triangle -> ??
E. Summary and Strategy
many indicators are showing over-bought but it is possible to be more overly bought. if you are conservative traders, should wait but if you wan to trade quite aggressively, you can trade now. just keep your stop-loss or buy BTC separately at each .
This is the end of my idea.
if you got help from my idea, click +Thumb up, +Follow.
On daily chart, BTC candle is being kept supported at trend line. if it goes up, it needs to stay over Fib.0.382($6332.9) for more rise.
BTC should break 2 prices that i mentioned above. If not, there will be additional drop.