Just an idea - 4H time scale so pretty short term. Typically like to do 1D or 1W for more predictable view.
This is not a recommendation or investment advice. Use it for educational purposes.
I am buying in the yellow oval zone. Will wait for a bearish divergence to sell.
Been gone for a while laying out my thoughts on BTC
Sentiment isnt as good I think we will see more sideway action - but in the meanwhile i expect a deadcat bounce and 1 more down as we form a bullish RSI divergence in 1D timeframe that brings a bit more significant bounce.
Then after that I expect more slow drop/sideway action before we start to go up for the...
Sadly the black arrow scenario didnt happen from my previous chart but the red arrow scenario turned out to be true. I hope people got out when the first support was broken.
We are now in the green dotted line support and if that breaks we could see 70 sats.
I am bullish because the 1D RSI for BTCUSD is in low teens.
Just some random thoughts.
A lot of different things are aligning. I bought in earlier when it was bottoming out around 2100 sats so just waiting for this to moon.
This isnt investment advice. Please just use it as a reference. you must make your own decisions and determine your own risk tolerance.
I'm back and will do charts once a week maybe.
Here is what I am noticing for Tron. A lot of different pieces are aligning for me to ignore.
Please use my charts as a reference. it's not an investment advice.
Please use this as a reference to help inform your trades.
However, this is not trading advice. everyone must do their own due diligence and make their own decisions.
I just hope to provide my own perspective.
BTC is like clock work with Fibo levels... too many things aligning again for me to ignore...
Please use this as a reference - this is not investment advice. you must make your own trading decisions....
MACD divergence + is also crossing - bearish sign.
I am personally planning to enter at key support and set a stoploss just below key support.
Looking at the shorter term we might see a reversal. I am looking to see if we break the key resistance. if we break it we may reverse at the next resistance level.
Just look out for reversal signals at these key price points.
This is not an investment advice but just use as a reference.
Personally I think we are starting wave iii of 1 of (3) which would mean...