BTC comes to a very tricky point. be careful!
Zaktualizowano
Hi there.
BTC comes to a very complex situation.
We have 3 cases here:
1. If you look at the red global downtrend
BTC retested previous high with a (double top or M top) lower high, it look like a confirmation of downtrend
2. If you look at the yellow triangle
BTC has a clear break down point, it also look like a confirmation of downtrend, which waiting for retest to purple rectangle to go further down
3. If you look at the white local uptrend
BTC hits local support, it look like a tiny confirmation of uptrend
Sum up :
If BTC drops through local white support, then problem solved.
If not,we have to be really careful with purple rectangle.
The white dash line stays there just in case local downtrend may created.
Please comment and share.
Thank you for your time.
Alex Wang
BTC comes to a very complex situation.
We have 3 cases here:
1. If you look at the red global downtrend
BTC retested previous high with a (double top or M top) lower high, it look like a confirmation of downtrend
2. If you look at the yellow triangle
BTC has a clear break down point, it also look like a confirmation of downtrend, which waiting for retest to purple rectangle to go further down
3. If you look at the white local uptrend
BTC hits local support, it look like a tiny confirmation of uptrend
Sum up :
If BTC drops through local white support, then problem solved.
If not,we have to be really careful with purple rectangle.
The white dash line stays there just in case local downtrend may created.
Please comment and share.
Thank you for your time.
Alex Wang
Komentarz
Well... just 20mins BTC breaks down the white local support.I guess it's 3 vs 0 and prepare to open short position around purple rectangle.
Komentarz
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