Bitcoin / TetherUS
Zaktualizowano

BTC on Real Bull run Or will drop Like it did at 9k Level?

2052

After 9k Level a significant bullish candle is visible on 4h chart, It broke that green trendline and ran over 8400 in 15 minutes.

Question is : It is real reversal and next Bull run has started? We will know answer soon. First significant resistance at 8600.

It needs to cross 8600 and stay above and launch another shot

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Zlecenie aktywne
That 8600 Resistance proved strong and BTC needs to do another attempt to break it.
snapshot
Uwaga
BTC needs to cross 8600 and consolidate there and show bullish sign, till then be ready with stop loss .
I will off for some hours , till then play safe . Protect asset.
Zlecenie aktywne
Aha, Rejected at 8600 level and fell so fast and now struggling at 8300 level, but volume is not enough . Hope you guys saved your money from this TA . If you like my work, share with friends and save them along with you.
snapshot
Uwaga
A possible H&S building or bear Flag which can take us down again, Bulls need to do something quick
Uwaga
H&S Target is around 7900 . It may have some bounce on green trend line and then keep going down to complete target.
snapshot
Zlecenie aktywne
Are we still making right shoulder or a triangle is in progress? we will know soon.
Uwaga
That small H&S failed but triangle can still be in progress, that means we will have to look at bigger time frame for clear picture .
Zlecenie aktywne
On Bigger timeframe we see some falling wedge:
snapshot
Zlecenie aktywne
On upside crossing 8600 and staying above is still very important .
Zlecenie aktywne
On one hour time frame looks like making a symmetrical triangle and bearish pinant :
snapshot
Uwaga
Triangle inside triangle , where we are going ?
snapshot
Zlecenie aktywne
Breaking down little bit, we need to wait for the close of couple of candles.
Uwaga
That tiny H & S inside the small triangle triggered it .
H & S target : 8150 where we may see double bottom and can bounce .
Triangle target : 7900
Stop - Loss : Just above the right shoulder : 8460
But wait and see if next candle on 15 mins chart is rejected from lower line of triangle .
snapshot
Uwaga
Momentum is weak for down term, so it is becoming risky, do not enter unless there is next clear signal .
Zlecenie aktywne
Update here:
BTC 8.2k reached, Now where it is going?

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