About meTrading experience since 1997 - 1-2-3 Breakout-Trader -Here i just illustrate my thoughts -my views -please trade your own view
BTC is still in a falling-knife-situation. In the shortterm view we can see a H&S. Will this be triggered, a further sharp selling wave shpuld be exspected.
The chart brightens above the right shoulder respective head
The consolidation after the youngest selloff stopped at ist min correction Level, the 38,2 fibo. THIS IS THE LEVEL TO WATCH!
As Long as Dax ist trading below that Level (here also is based the EMA 200!), the momentum should still be bearish. A bearish Flag could be formed!
After kissing the Midterm Trends upper edge, we see weakness! At the Moment it seems that btc could break ist shortterm uptrend. That should accelerate the bearish momentum. Perhaps we see a bearish H&S right now which is trigegred and active!
The RSI is near the next possible buying area, but we didn`t reached it at...
We have seen a selloff after breaking the Support @ 13.000. - the last valid "2"
This was technical consequent und exspected:
Now the RSI has nearly reached the oversold-Region, btc is traded near the EMA 200 and we kissed the shortterm downtrends bottom...
Here we nailed it. At sept 5 we recognized, that this will be a possible top. we where right!
Okt 12 Comment: after kissing the max fibo, the buyers came back. now we are trading at a Pivot Point - a Make or...
This is a nice bullish Chart. Last week wee have seen a breakout attempt. The breakoutmove was ~ 10%, but the retest ot the BO-Niveau wasn`t bought again..that`s weak. So in consequence the stack fell back below 22€.
At present we are trading near the uptrendline which is based near the 61,8- the max fibo. Will htat Level be bought, i exspect a cyclical buying...
Since August, a possible bearish H&S apears. This H&S would be triggered with Prices < 1.17. --> Min TP: 1.15 (38,2 fibo) / max TP: 1,1323 (0,5 fibo)
The are between 1,17-1.187 seems to be neutral for me.
I see a shortterm Long opportunity with Prices > 1.19 - here the H&S isn`t anymore.
--> TP could be 1.2010, trading above that Level could accelerate the...
This is a nice Chart, pume just knows one direction :-) Now i see a Kind of flag, trading above the Breakout-Trigger should initiate a bigger buyingwave. But watch the RSI - he is in the overbought area, so a further round should be exspected before the breakout can come :-)