As i said in my previous posts we are in Ascending channel on the weekly, on the daily we broke out from our rising wadge to the downside (is going to be confirmed if close below 43.1k)
and descending channel on 4 hourly.
Yesterday i posted about the rising wadge on the daily and i was bearish, because on the weekly we have formed hidden bearish diverganece and on...
Today i opened small short position on Btc because of the rising wadge retest on 4 hourly timeframe.The Bulls showed up and my stop loss was hit, however i am still in my huge long position from the bottom of the channel on the weekly timeframe at 33k.
At the moment we are kissing huge 40.6k resistance.We got rejected and supported from that line in the past year...
I have mentioned in my earlier posts that we are in huge rising channel on the weekly timeframe.
On the weekly we are looking bullish, however on the shorter timeframes i see some bearishness.
On the daily BTC has printed a bearish engulfing candel which tells me that retest of the bottom of the channel is most likely to happen.
But that makes me even more bullish...
Hello there traders!👋🐶
Technically : 📈
In my opinion we are in a large descending-channel (bullish)
We have gained much support near bottom of the channel 🐮, which should pave way for upward price action.
Recently we have broken up and out of large descending channel, and created a minor continuation correction move (we can move into impulsive bullish...
BtcUsdt has been playing inside 40-50k channel for a while.
After the recent dump the price has been supported at $42500.
42k area is a strong support. Why?
- It is a volume gap as a static support.
- It is now 200 EMA as a dynamic support.
Buy and #Hodl.
Failure: Breaking down 40k with stronger volume than that today.
Good luck,
Median Eagle.
Ladies and gentlemen, i'm back again.
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Now, let's begin with some serious stuff and recap everything in BTC since 2017 .
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