HI guys, long time without detail explaination how BTC going with market.
Today I declare for all you “ WHY IT’S NOT TIME FOR BUYING “
As we have seen, that from the time when we break up pattern from 40xx - 42xx we have strong pump up to now in 2 weeks ago.
Honestly, I very happy to see BTC has some reversal and correction in last several days. If we follow so we must have correction from 47xx - 49xx, but we are in FOMO of market for thinking of “ New cycle “ or “ We will not have change for buying in dip again so keep buying “ or “ You wrong for selling in dip so keep buy as much as you can before new cycle “
That is reason why we going to 54xx$ in Binance. But happy that we will have correction from here as some explain in below.
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Ok, let see about from the Left to the Right of chart. I will read about action of market for you can understand how it happen.
Did you see SL O; that is last Swing Low point from , after that we have strong dump and making SL A. The level of SL A is lower SL O so, it confirm the is over in middle term and become .
the SL B is higher than SL A declare we have in short term but when we confirm in middle term so “ where we are ? “ >>> we are in pull back period of SH A - SL A.
So using Fibonacci Retrace and we see we may have correction from Fibonacci 0.618 - 0.786 ( 5208$ - 5302& )
Ok, let looking about the , consider the time after SH A. We have big and after that we have bounce back but the is very low.
Looking at Candle 1 & 2 I have marked by Vertical Line, the of and candle is the same and higher than Average of 20 candle.
It mean the market has been manipulated with a “GAME”
We are trying going up but very low - that is why we shoulder not buy at this time.
So what we do ? WAIT FOR GOING UP AND SHORT ENTRY - BEST ADVICE
Candle 2 break up 49 & 105 - I think is the fake signal for short term
Okay, let see the last viewpoint. That is line.
The price at SH A = 5424$ and the at this point is 39.13
Let see, what happen if at right now, the price can not go higher 5424$ but is going higher than 39.13 ( the number right now is very nearly ).
What’s up ? Did we have divergence ? That right. That is the best time for us SHORT ENTRY
Conclusion: THAT IS NOT THE TIME FOR BUYING ; WAITING FOR SHORT ENTRY WHEN HAS DIVERGENCE AND IN FIBONACCI RETRACE OF 0.618 - 0.786
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LOVE ALL YOU
~~~ XUANHAIMMOER ~~~
I am waiting as well, but for Bearish Divergence of some level between 15m - 2H, which would be safer entry for a Short trade.
I concluded all significant Divergence Signals of BTCUSD since Dec. 2017 in my new idea:
Is Divergence the King or Queen of Crypto Technical Analysis?
Welcome for vote and comment: