Here are the Bitcoin Momentum Long Downside Entry Areas I'm watching.
On 05 JAN 2023 Bitcoin turned MOMENTUM Long. On 11 JAN 2023 the Day chart went from BIAS short to BIAS Long.
This area and slightly above on the 4D chart would be the swing trade profit areas and the highest probable areas for entering a FADE Short position.
The Entry Reaction Zones
Note:...
Hi guys ... :
As you can see in the picture, Bitcoin has broken its daily downward trend and is above the 46000 price range.
Now, these few days when the price has dropped, it is considered as a pullback.
We also have to do our purchases in pullbacks!
OK..
- But how long can this pullback last?
- As you can see in the picture, there are 3 pullback endpoints...
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Just unpacking some observations on this 4 hours chart,
- BTC experienced a healthy pullback to the 7500 level, retesting three times at this level, and clear bullish RSI divergence was observed
- This leads me to think that a new support level at 7500 has been established
- Pivoting back up from 7500, we observe the overhead resistance line being tested,...
