Hello everyone,
Today I wanted to show you this 2 daily charts,
1st = This chart shows the breakdown of the last few days of trading and how this candles are shaping up. This includes the weekend trading (if you ignore the weekend PA then also we can consider yesterday's candle as a bearish follow through after that Doji)
If today close above the 15610 then this bearish narrative will be invalidated whereas close below 15160 will further validate this bearish narrative.
2nd = Daily chart with Shepherd starting to curve to downside. This could also indicate a price drop in BTC in coming days.
This does not mean BTC is going back to 10K or lower but this is a good indication for me to reduce my long exposure and start building on short side (This is my personal view).
In case of the correction scenario, I will be looking at this rising support line (yellow) as a support from where I would like to look for re-entry.
Back in Jan 2020, I made price prediction for BTC. Do check that out here. It has been playing out perfectly. And still well within reach of my predicted target of 19000 $ by Dec 2020.
Happy and safe trading...
Chao...
Today I wanted to show you this 2 daily charts,
1st = This chart shows the breakdown of the last few days of trading and how this candles are shaping up. This includes the weekend trading (if you ignore the weekend PA then also we can consider yesterday's candle as a bearish follow through after that Doji)
If today close above the 15610 then this bearish narrative will be invalidated whereas close below 15160 will further validate this bearish narrative.
2nd = Daily chart with Shepherd starting to curve to downside. This could also indicate a price drop in BTC in coming days.
This does not mean BTC is going back to 10K or lower but this is a good indication for me to reduce my long exposure and start building on short side (This is my personal view).
In case of the correction scenario, I will be looking at this rising support line (yellow) as a support from where I would like to look for re-entry.
Back in Jan 2020, I made price prediction for BTC. Do check that out here. It has been playing out perfectly. And still well within reach of my predicted target of 19000 $ by Dec 2020.
Happy and safe trading...
Chao...
