Published my first post on BTC pointing out reversals that i thought in my opinion would change the market
AND IT DID!!!!!!!!!!!!!
we can see on the 1 hour chart, that it reversed from my initial support lines ( white dashed line and yellow dashed line )
and then after breaking out formed a descending wedge and has now broken out of 50ema hard resistance on the 4hour chart ( red line )
the important thing i would like to point out is that, this is/was a bear market, i went against it, called the bull run OVER the 50ema resistance which has now confirmed and which was highly unlikely!
will post 15m updates if i get enough likes so please leave a like if you want updates on short term price action! ( leave a like anyway dude )
i have left the link to my previous post which confirms my long call when most TA's out there have been bearish!
extremely sorry for the horrible color of the chart. bad with colors so, help me out with a good layout or something if you are kind!
feel free to criticize as im not a professional. i actually want to be criticized because i want to learn more.
im a youngster from southeast asia trying to make a living off of market analytics (just getting started though) so any help is appreciated
BTC 4.17% donation public address : 1HUZH4PExh2JfTAX1hZuoioe6Dvt8ANnxw
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nice uptrend. should hold. holding 20ema. shouldnt worry about 50ema on 4 hour tbh. bearish market yes but, BIASED, is i believe towards the upside
set an alarm on the white line that is support and try to get out of your alt positions if that support doesnt hold. thank me later!