Well today i noticed that i found 3 points when btc pushed to 12k+ so i made a simple line, i just cloned this line and tried to place it down making a parallel,
so i discovered a kind of new trend, and this trend could be a 'possible one'.
- Now BTC is flirting with the daily 200EMA (Red one) and for now, this EMA acted as a good support around 10 000$.
- i used only RSI as indicator, simple as possible , we can see that we are almost in the Oversold zone on 1D TF.
- if we keep bouncing on this EMA, it would mean that 10K area act as support zone now and BTC could push to 14k according to Fibo Extension.
if we break under 9700 ( EMA200 Red ) we can get one more BloodBath, so i had to Jump on Weekly EMAs to check it out and find next supports.
- 9000$ EMA50
- 8200$ EMA100
- 6500$ EMA200
Anyone have a crystal ball and for now most of peoples are still scare according to March's Dip , So for now it's better to be patient and wait for some confirmations!
Happy Tr4Ding !
so i discovered a kind of new trend, and this trend could be a 'possible one'.
- Now BTC is flirting with the daily 200EMA (Red one) and for now, this EMA acted as a good support around 10 000$.
- i used only RSI as indicator, simple as possible , we can see that we are almost in the Oversold zone on 1D TF.
- if we keep bouncing on this EMA, it would mean that 10K area act as support zone now and BTC could push to 14k according to Fibo Extension.
if we break under 9700 ( EMA200 Red ) we can get one more BloodBath, so i had to Jump on Weekly EMAs to check it out and find next supports.
- 9000$ EMA50
- 8200$ EMA100
- 6500$ EMA200
Anyone have a crystal ball and for now most of peoples are still scare according to March's Dip , So for now it's better to be patient and wait for some confirmations!
Happy Tr4Ding !
Comment:
Weekly Supports
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following trend. important level to watch is 11400 (61.8 Fibo)
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expect a move from triangle area.
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if we close 11k+ . 14k could be next.
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12500 important level to watch. We also made a GAP on CME around 11400$.
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13500 reached - still have power
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1H TF - HH
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i will consider this target completed as we reached 14k+ in CME Futures.
1 Gap was mostly filled but we still have some small gaps lower.
1 Gap was mostly filled but we still have some small gaps lower.
Trade closed: target reached