Scalping has been quite successful in Renko chart. Overall analysis will still be in bearish trend in Weekly timeframe (traditional) it was over-bought. So we do expect another drop again.
My long trade this morning 15x leverage is still open. Refer to my previous analysis as well.
I agreed chart is bearish but then again all the indicators are very much over-sold in weekly. I longed BTC this morning and already gained 80% in profit 15x. Stop loss already place at entry level 18.2k ....
After the juicy short trade from 21.7k yesterday with 15x leverage now is time to long on BTC again :). Pretty much learnt about Renko chart and line break chart for the past 2 years and it gave me a lot of confidence in short-term and long-term trading. Not Financial advice tho. always do your own research and make your own decision. That is very important in...
Renko chart are the best in identifying short or longterm trade.. My long trade in 5 mins chart profited me 300%, That quick bounce green candle is beautiful. Entered my long trade @21213 100x leverage that 300% lol .. Placed my stop loss at 100% profit in case if the price fall back down .
Not financial advice. If you are an emotional prick, don't do trading.
DXY Bearish Divergence 4H Renko Red candle formed. Short term bounce is expected for BTC in my opinion!
At this point, we can't deny everything is bearish unless some miracle bounce happens. Both line break chart and renko chart daily are bearish. Weekly candle also closed back below 200 MA. O AH.... this is not cool
Sad to say - it seems BTC can't even get back above lower band of Keltner channel and the worse case is that line break candle still forming red. With that 14k seems possible.
I won't chase the pump. will for retracement first. 28.9k target. Not financial advice :)
Posted line break chart on 15 Aug forming Red and today Renko daily forming Red.... Finger crossed! by 1 to 2 days if Renko confirm Red. Gosh it gonna look ugly at least to retest 19 to 18k region. Brace yourself. If there is a bull trap, there is a potential bear trap too.
Chart never lie... forget all the noises from people. The problem with people is, see a little bit of red candle for few days and omg its going to 10k. OMG! bull trap? I don't know what are they talking about?
Daily Renko chart still showing green even though line break chart showing red. For now, I will still respect Renko chart unless it turns red. I expect another 2 or 3 Renko greens to be formed.
Observed there is some weakness in the price, especially on line break chart. Spotted this flat green line break yesterday and today it forming red now. By tomorrow if the line break candle establishes red then we expect the price to retrace short term. The previous target I expect the price to hit is between 28k to 29k. Based on the line break chart, it could...
Look at all my previous post. People talk about war, inflation and many other shit. Look at what BTC does. Don't wanna talk so much. Sharing my another analysis again.
This is 2 week chart baby. Many bear boys said this time is different. Honestly, I do not know boys. Bear boys talk about economic recession and war, I don't bother boys. I see the chart and historical data baby. As of now, I have seen many indicators and charts flashing potential bull baby. 1 Day and Weekly line break chart, 1 Day Renko chart, 1 Day Kagi...
1 Day line break chart already formed and confirmed green candle. At this point, I wanna remind all the bear to be cautious. In my honest opinion, BTC doesn't really care about recession or war or economic. BTC is just BTC....
This is the first time in history. Kagi chart 1-day timeframe and weekly bottom out. Kagi chart bottom out and strong support. Now or never??? or We are still waiting for lower? Humm I have so much doubt.