Watchlist Update 28 | BTC, ARDR, BNB | BTC short term bear flag
Good evening everyone, in this video I talk about BTC, BNB, and ARDR.
BTC is in a bearish zone right now, I would be expecting a break of this bear flag to the downside and a break of 8000 would not have much resistance to stop panic dump, which would be a killer buying opportunity. Even in today’s market, with the system I use there are reasons to stay glued to the screen! If BTC continues to consolidate and breaks up to form a higher low, we may start to see bulls return to reverse BTC again.
BNB-BTC Binance | This one caught my eye because it was soaring today in good news about Binance Chain. As of this writing I’d say entering would be a bit risky but your stop loss is clearly at the top of all those bull fractals. I expect a 50% retracement, but it’s all in the charts.
ARDR-BTC Bittrex | This one was up 10% today, I highlighted it specifically because I’ve found that setting alerts on the trendiness drawn at the end of the bull fractals for entry points has been a great strategy so far. It’s not in a zone where a break in either direction of the fractals most recently manifested would be a good strategy.
That’s all for today. Roti out!
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This has been for educational purposes only and is not intended as financial advice.
BTC is in a bearish zone right now, I would be expecting a break of this bear flag to the downside and a break of 8000 would not have much resistance to stop panic dump, which would be a killer buying opportunity. Even in today’s market, with the system I use there are reasons to stay glued to the screen! If BTC continues to consolidate and breaks up to form a higher low, we may start to see bulls return to reverse BTC again.
BNB-BTC Binance | This one caught my eye because it was soaring today in good news about Binance Chain. As of this writing I’d say entering would be a bit risky but your stop loss is clearly at the top of all those bull fractals. I expect a 50% retracement, but it’s all in the charts.
ARDR-BTC Bittrex | This one was up 10% today, I highlighted it specifically because I’ve found that setting alerts on the trendiness drawn at the end of the bull fractals for entry points has been a great strategy so far. It’s not in a zone where a break in either direction of the fractals most recently manifested would be a good strategy.
That’s all for today. Roti out!
—
This has been for educational purposes only and is not intended as financial advice.
