We managed to break the trap support/resist 1h cloud boundaries of 50 MA and 200 MA on hourly downwards, but since we still created a higher low nothing is 100% sure yet.
- Long:
If we manage to return on the 4h above the blue line (10200-10225), then we will be testing the next blue line (10615-10650), if we manage to break above it then we could be aiming towards the 12k (As we passed the 4h cloud, and almost all the resistances, which means it can give us strong push to suppress the triangles/flag top barrier...
- Short:
If we remain below 10200, and retest 10050 (And close below it which will reverse most indicators), then we will continue retesting the 9000-9500 zone, I think that if we touch the descending floor 1 more time this will turn the entire market upside down...
Buying power continues to create lower lows, if the bulls won't hold this current level it could turn out to be very bad for them, as bearish panic always has big scary moves...
- Long:
If we manage to return on the 4h above the blue line (10200-10225), then we will be testing the next blue line (10615-10650), if we manage to break above it then we could be aiming towards the 12k (As we passed the 4h cloud, and almost all the resistances, which means it can give us strong push to suppress the triangles/flag top barrier...
- Short:
If we remain below 10200, and retest 10050 (And close below it which will reverse most indicators), then we will continue retesting the 9000-9500 zone, I think that if we touch the descending floor 1 more time this will turn the entire market upside down...
Buying power continues to create lower lows, if the bulls won't hold this current level it could turn out to be very bad for them, as bearish panic always has big scary moves...
Comment:
Comment:
Hope you are getting a lot of value from my updates, cheers <3
****************************************************************************************************************************************************************************************************************
* If you like what I do, and want to see more then don't forget to push that "follow" and "like".
* Also if you want live time signals and learn with the community then you are more then welcome to join here: t.me/joinchat/AAAAAEdUerTNmmk-6ARsBw ......
* If you want to appreciate my work with spare BTCs then you are welcome to send them to: bc1q8kzn0x8j4dmws00ntuhyma8p4c9jwyj0gzxua9
Cheers, love <3
Hedgehog King!
****************************************************************************************************************************************************************************************************************
****************************************************************************************************************************************************************************************************************
* If you like what I do, and want to see more then don't forget to push that "follow" and "like".
* Also if you want live time signals and learn with the community then you are more then welcome to join here: t.me/joinchat/AAAAAEdUerTNmmk-6ARsBw ......
* If you want to appreciate my work with spare BTCs then you are welcome to send them to: bc1q8kzn0x8j4dmws00ntuhyma8p4c9jwyj0gzxua9
Cheers, love <3
Hedgehog King!
****************************************************************************************************************************************************************************************************************
Comment:
- About the Alts: to me it looks like too much excitement is going on (maybe because of binance open up to USA), it really looks like Alt season is opening, and BTC responses to it.
- About the BTC Im still not sure about this guys, sure I said that if we close 4h candle above 10200 then this is bullish, and if you decided to enter to position at 10200-10268 (closing candle of last 4h tf, and also daily tf), then I reccomand to use an sl at 10180-10155.. im personally not in position (my short position took small profits, and was hit sl with small profits too), I want to see a pattern within the 4h candles before I make a decision..
- About the BTC Im still not sure about this guys, sure I said that if we close 4h candle above 10200 then this is bullish, and if you decided to enter to position at 10200-10268 (closing candle of last 4h tf, and also daily tf), then I reccomand to use an sl at 10180-10155.. im personally not in position (my short position took small profits, and was hit sl with small profits too), I want to see a pattern within the 4h candles before I make a decision..
Comment:
Looks like a bounce is happaning on 1h tf (After the 4h tf closed above the 10200), stoped right at the support level which is also my price interest (10200-10215), if we confirm this bounce by 1h tf close and 4h tf close as well, and confirm it by volume within next few hours, then this could be the bull movement I was waiting for to confirm... guys, we might be in a big bullish movement here....
Trade active:
- The bulls showing bigger and bigger weakness, they fought well, but they can't seem to deal with all the resistances and they are running on lower and lower energy, same patterns on daily and on 4h....
- lower closing dildo candles and the bulls just struggle to prevent the bigger move down, it seemed to me really off so far, but now I'm positive about thoughts:
* 4h rejecting
* EMAs rejecting
* 21EMA (Yellow line) dead crossed all the other EMAs which usually leads to big pull down...
* Buying power doing lower and lower lows, and struggle on a critical level
* Volume for bulls was too weak as well
This ship is going for another big leg down.... this might take us all the way to the floor of the descending triangles.... so take care..
- lower closing dildo candles and the bulls just struggle to prevent the bigger move down, it seemed to me really off so far, but now I'm positive about thoughts:
* 4h rejecting
* EMAs rejecting
* 21EMA (Yellow line) dead crossed all the other EMAs which usually leads to big pull down...
* Buying power doing lower and lower lows, and struggle on a critical level
* Volume for bulls was too weak as well
This ship is going for another big leg down.... this might take us all the way to the floor of the descending triangles.... so take care..
Comment:
Continue here:
