BITCOIN - 3 stage scenario
Cập nhật
Very interesting happenings lately. As I have repeatedly mentioned MA200 it has also proved great importance this time. The image is slightly viewed from different sides... Triangle, flag, etc., all views have common points.
The price of $6500 was already mentioned in the previous post, this is also the new lowest point. That doesn't mean much. At the moment it is important to beat $7300/400 but it does not show well. We can say the price is in the channel or the Big bull's flag. In order to have that kind of meaning it is mandatory that the price breaks over $8000 and consequently 1D MA200.
Otherwise, the price can be tested at the bottom of $6500 and we will see if it lasts. If it do not hold, many buyers are waiting for a price of 6k or lower. According to the RSI 1W there is room for a fall still much.
The ideal bounce would be at around $5500 where it could also be a bounce at 1W MA200.
The worst case is the red zone. This would mean about 90% of the correction, which also would be nothing unusual for Bitcoin, but I think that it would not be good for the market.
The price of $6500 was already mentioned in the previous post, this is also the new lowest point. That doesn't mean much. At the moment it is important to beat $7300/400 but it does not show well. We can say the price is in the channel or the Big bull's flag. In order to have that kind of meaning it is mandatory that the price breaks over $8000 and consequently 1D MA200.
Otherwise, the price can be tested at the bottom of $6500 and we will see if it lasts. If it do not hold, many buyers are waiting for a price of 6k or lower. According to the RSI 1W there is room for a fall still much.
The ideal bounce would be at around $5500 where it could also be a bounce at 1W MA200.
The worst case is the red zone. This would mean about 90% of the correction, which also would be nothing unusual for Bitcoin, but I think that it would not be good for the market.
Ghi chú
Bull flag in progress....Ghi chú
Looks good for now...Ghi chú
wohhoo :) even better-- now i wanna see at least 1H candle close above $7400Giao dịch đang hoạt động
LONGGhi chú
Next target $8100/200, but still possible test $7400Ghi chú
possible rising wedge.... If price will not break up the wedge, the drop will follow...Ghi chú
Wedge played out...Ghi chú
close view:Ghi chú
Ghi chú
looking good for now...Ghi chú
action is close...Ghi chú
I was hoping for more selling pressure..but price is hoovering at this point IMO. As you can see, purple channel is broken. There is still some support at $7100 range, but i thing that will broke too. There is a lot of interest do go deep as it can go, there are not "all" on board yet.
So, after (if) $7100 broke, $6500 is the next stop-over and then one more leg to 6k.
IF that will be the case, wedge would be in play, but even so, price can make a spike a lot lower then 6k. Time will tell :)
Ghi chú
Possible break out (short term)Ghi chú
after rejection... support is holding again... but question is... how much more...Ghi chú
On the edge...Ghi chú
7100 still some power...Ghi chú
played out... little bounce... max. $7380 (if)... othervise stiil headed down... $6500 is the targetGhi chú
Ghi chú
Ghi chú
It doesnt look good... Next range target Is $6500 - 6200Ghi chú
Target 6500 reached. Let see if it holds... Next support 6300Ghi chú
Good bounce for now... Now we need candle close above $6750 or better $6800, otherwise that was all fake again...Ghi chú
Nicely played out. Next couple of days will be important! Price must hold above $6750If there will be another push over the weekend, BTC need to go over $7150 to unlock target $7800.
In other direction, everything under $6750 is critical and it can produce bigger drop...all that would be just another manipulation...
Ghi chú
well.. no weekend needed i guess :) That was even more then i expected...For now i can say, price above 7k would be ideal for new days...Giao dịch đang hoạt động
from last update...that was amazing :D i am still doing updates on this post because the main idea is the same and it`s in progress as you can see... Just wanna put some charts in lower time frame, but as i new idea, no need i think... but sill, feel free to put any comments below :)
From this point is important to break blue downtrend line. Yesterday was a super move, put some live in the market, but price is still in a downtrend channel.
But this is crypto, everything is possible in no time. Let see how it roles over the weekend :)
Ghi chú
Ghi chú
looks good for now..Đóng lệnh: đạt mục tiêu
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.