I´m waiting , if BTC make reversal downtrend point at upper bollinger band, or cross resistance with strong up signal. But I guess, probably whole Febrary will be still IN MAJOR downtrend market. I don´t need buy "bull traps" created by few good news in US. We wil see :) Clever is waiting to be sure. Lunar year is far away 1 week.
* This is not financial advice.
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BTC looks to made reversal near resistance. Mostly it not hit support and resistance zones perfectlly, because open orders are setup near this zones too. If you click play at rightside, you will see strong red candle. Its mostly an impulse for many people , " for now its time to withdrawal quick profits" : ) Buy here is not very clever. But EVERYTIME Im waiting to close candle. We have still 90 minutes to candle close, to be more sure.
* This is not financial advice.
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In my analysis, is still not uptrend. It starts, when yellow line will cross actual resistance and continue up.BTC persists low. This week will be Lunar New year so watch carefully. We haven´t strong uptrednd confirmation yet. Its risky to buy now.
* This is not financial advice.
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It looks we can reach "NEXT resistance" level. BTC brokeout out of downtrend channel .
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BTC is pretty close to NEXT resistance. Exactly is between 11800-12000.
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BTC want to reach target : )
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Nobody really knows at this moment, when BTC makes next dirrection.
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I am not updating, because not trade this bouncing . I personally looking for long terms hold.