Here you see the current pattern on lower timeframes for btc.
As you can see we has gotten down to our trendline again and could not hit the big resistance area marked in the chart.
I will wait for a confirmed breakout before opening some trades.
Stay safe out there :)
As we spoked in the last days.. we saw a nice divergence in the lower timeframes. Represanted by the MACD or the RSI you could easily see the divergence in price and strengh.
It was a hard call and a risky trade to make and i told you i will sit it out and safe my profits from the last days.
Good for you if you took the trade and made some dame good profits...
In the last days we analyzed btc on his way to the top of his pattern.
The possibility of another correction was higher then another jump over the fibo line, so we saved our profits from the last days.
Stay safe guys.
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Best regards :)
Here is another update of the current situation.
We have just tested our last high point as support for the moment.
We could see a little up from here. But keep in mind we are at the end of our pattern. If we break our trendline we see a big correction and all of us must be prepared. Save your wins. Open your shorts if we see confirmation, but do not be greedy....
Here is our correction.
It was good to see as i showed in my last post with the divergences.
Reminder: We are still in our pattern. The real correction begins, when we break the trend of the pattern!
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We saw a nice breakout and are almost at the top of our pattern.
stay safe and watch out for more signs of a correction.
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Best Regards and stay safe.
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We are currently waiting for new entrys here on btc.
This current level is a big resistance on higher timeframes. You can also check my analyses for the bigger timeframes for a better view.
We are building some bearish pattern here on a high resistance point in the chart.
I will wait for more confirmation before opening new trades and i will safe my profits from the last days.
Stay safe! :)
Halving is near in almost one month.
What can we see on the weekly chart? We see the forming of a strong bullish pattern.
For the bullish outbreak we need the green trendlines intact and more confirmation in the next weeks.
(Reminder: the halving was always the beginning of a new uptrend cycle. But it took some weeks in the past to break out. So stay safe out...