bestfarbit74

BTC dily, 4H, 1H review

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hi every one
As you can see on my daily chart , BTC price is in my grey limited zone for days.what does it mean at all?
that means as far as the price is trapped between my 2 green and red dashed lines we are in sideways channel it can't decide for uptrend or downtrend. and our trading
would better to limit between 7200 and 6600 . the price is still below 50EMA,and stays into the ICHI cloud for more consolidation. so as far as the price stays in, I myself
won't take any position either side on daily chart . in lower time frame maybe in 1H taking position for very short term maybe make sense.
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4H time frame.....................................
in 4H chart we can see the price crossed over 200 and 50 EMA and up on the cloud. those are all good sign to keep up the price for more bulls. 50EMA also didn't cross 200EMA
below that is good sign too as far as it stays upper than 200 EMA
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1H time frame.....................................
in 1H chart we can see also the price is going to cross over our EMA50 & EMA200 and passed through the cloud,so if the candle close up on 200 EMA it's a good sign to keep up.
but good to wait for cross 50EMA over 200EMA for more confirmation.

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The conclusion, on daily chart the price stays neutral for more days. but we have to take care on 4H and 1H. the volume is low on daily chart and we are in ICHI cloud so right now
I feel more bearish on the daily time frame unless the price cross over my tiny green zone for more bulls or inverse, cross down the tiny red area for more bears. I'll wait.
but can take a bit trade on 1H or lower time fame with limitation I mentioned
MACD and Rate of change both are neutral on daily chart . it can switch either way in coming days.I got my eyes on them too.
Well. thank you to follow my ideas, I hope to give you some vision. and would be pleased to see your comments and ideas here. stay safe

Enjoy the market
Trade active: long trade activated at 7250$.
if it back to red area reenter again unless our stop loss level hit.price can go upper than 8000. I'm not surprise to see 8400$
Trade active: BTC can't keep up more, soon or late must go down . so set your stop loss if you are on the trade
Trade active: soon or late we are going for correction but not yet. I am looking for some clues.for now we may have consolidation hours. BTC did exact what I expected on my chart
Enjoy the market

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