This analysis's based on support & resistance
BTC currently move in range of 5200-4200
this move up targeting 5200 and probably not back down to test 4700 again because it knows it's too strong
the way to break strong support is... Move higher and then back down stronger + panic
to test pink line the major rising wedge channel
.
(this may be a bit confusing whether its up or down
but lately I trade according to the SR, I will be sure about the trend only when the buy signal on/ major channel is tested)
.
Safe trading, always place ur stop loss.
feel free to feedback+comment. Life is learning
.
BTC currently move in range of 5200-4200
this move up targeting 5200 and probably not back down to test 4700 again because it knows it's too strong
the way to break strong support is... Move higher and then back down stronger + panic
to test pink line the major rising wedge channel
.
(this may be a bit confusing whether its up or down
but lately I trade according to the SR, I will be sure about the trend only when the buy signal on/ major channel is tested)
.
Safe trading, always place ur stop loss.
feel free to feedback+comment. Life is learning
.
Comment:
4H TF candlestick is bearish engulfing , doesnt look good
Comment:
As expected :P
Comment:
But dont think it will go lower.. may be sideway from here
