Change of character & retracement
-Entries in bold letter given lower-
On the last idea I mentioned how to make sure we break upside 67k on maintained demand so we can know we still have fuel to aim at 68k. On yesterday evening while we were still testing 64k, we needed to get back upside 65.2k as sign that some buying presence is still there, which it did. Then after went touching the 66.7k area, wicking there for then having supply showing up, for then breaking under 63k, which was also mentioned to be something to look for, since a retracement was awaited as well.
In last April when price got into this areas, heavy supply emerged. So what I would look for now, is a retracement down, since after being bullish for weeks we have now a change of character happening + important supply emerging. A break under 60k on signs of maintained supply, would make me aim at 55k-56k as next area, and then evaluate how’s the markets order there, keeping in mind that 52k is an area that we could consider as well.
Possible entries
What I would look for a valuable sell entry would be;
- A retest of the 64k-65k area showing light demand, and then hold the entry as long as selling interest remains
As if this eventualities happens, which could also be great entries, or signs to hold the entry
- A break under 62k with signs of weakness, which would make us aim at 60k next
And then if 60k breaks, still on dominating supply, we can aim at lower zone as 55k
Daily
Weekly
On the last idea I mentioned how to make sure we break upside 67k on maintained demand so we can know we still have fuel to aim at 68k. On yesterday evening while we were still testing 64k, we needed to get back upside 65.2k as sign that some buying presence is still there, which it did. Then after went touching the 66.7k area, wicking there for then having supply showing up, for then breaking under 63k, which was also mentioned to be something to look for, since a retracement was awaited as well.
In last April when price got into this areas, heavy supply emerged. So what I would look for now, is a retracement down, since after being bullish for weeks we have now a change of character happening + important supply emerging. A break under 60k on signs of maintained supply, would make me aim at 55k-56k as next area, and then evaluate how’s the markets order there, keeping in mind that 52k is an area that we could consider as well.
Possible entries
What I would look for a valuable sell entry would be;
- A retest of the 64k-65k area showing light demand, and then hold the entry as long as selling interest remains
As if this eventualities happens, which could also be great entries, or signs to hold the entry
- A break under 62k with signs of weakness, which would make us aim at 60k next
And then if 60k breaks, still on dominating supply, we can aim at lower zone as 55k
Daily
Weekly
Uwaga
As the first eventuality happened ->- A retest of the 64k-65k area showing light demand, and then hold the entry as long as selling interest remains
tradingview.com/chart/T1BgXxKZ/?symbol=COINBASE:BTCUSD
A break under 62k with signs of weakness, which would make us aim at 60k next
and our 60k take profit got hit.
Transakcja zamknięta: osiągnięto wyznaczony cel
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.