FIRST BUY ON THE BROKEN LINE FIRST PENNANT FORMATION AT 34970 SECOND ENTRY 36948 WHEN WE BROKE THE HYPOTHETICAL RESISTANCE ON THE RIGHT SHOULDER THAT WE ALL KNOW ABOUT ! APPARENTLY WE COULD BE BACK INTO A BULL RUN ALWAYS WAIT FOR CONFIRMATION! I ALSO USE THE EMA RIBBON TO HAVE A BETTER AND CLEAR UNDERSTANDING WHEN THINGS ARE TURNING UPSIDE DOWN ON LOWER TIME...
I WANT TO SHARE THIS OTHER STRATEGY WITH YOU LET ME KNOW WHAT DO YOU THINK ABOUT IT AND SHARE YOUR APPRECIATION IF YOU LIKED!
Well the run it seems almost exhausted. On the weekly RSI we are above the 90 level and possibly we could have another 4/5 next days of run before a bigger correction. What do you think are we going to reach the 1.618 (around 39k) fib level before a correction? (next correction target should touch the 21 Weekly MA) I have opened my long position to 31080 and I am...
AS WE CAN SEE FROM THE CHART PATTERN IT START TO TAKE PLACE THE HEAD AND SHOULDER HYPOTHESIS. WE DON'T NEED TO BE WORRIED ABOUT WE JUST HAVE TO BE PATIENT AND WAIT FOR A CONFIRMATION (BREAKING THE BOTTOM NECKLINE ) WE ARE HOLDING THIS LEVEL OF PRICES (NEXT TO THE ALL TIME HIGH) WHICH IS QUITE GOOD AND WE COULD SEE A LITTLE BIT OF ACCUMULATION BEFORE THE NEW RALLY...
IT SEEMS LIKE WE ARE FORMING A RISING WEDGE WHICH IS IN A BEARISH DIVERGENCE WITH THE VOLUME.. WHAT DO YOU THINK IT WILL HAPPEN IN THE NEXT HOURS? DO NOT PANIC! IT WILL BE NORMAL TO SEE SOME PULL BACK I AM TALKING FOR SHORT AND MEDIUM TERM...
AS SHOWN IN MY CHART THIS COULD BE A NICE W BOTTOM IT WON'T BE FIRST AND LAST TIME THAT BITCOIN SEES SUCH A CORRECTION WAITING FOR CONFIRMATION THIS COULD BE A NICE ENTRY POINT. LET'S SEE WHAT'S HAPPENS WHAT DO YOU THINK ABOUT IT? COULD BE THE BEGINNING OF OUR NEXT BULL RALLY TOWARD 20 K?