BTCUSD: 4hrly Bull/Bear scenario

22 thg 11, 2019

See also:

22 thg 11, 2019

Ghi chú

Zoomed out view of how the trendlines were drawn:

22 thg 11, 2019

Ghi chú

Looking at whether the next 1D candle (or next few lower timeframe candles) gets rejected by the trendline, or is able to break up and hold support...for each scenario to play out, etc.

22 thg 11, 2019

Ghi chú

Grey horizontal lines are VPVR levels.

22 thg 11, 2019

Ghi chú

Also, lower low confirmed -- hence higher likelihood to go down.

22 thg 11, 2019

Ghi chú

Price struggles with overcoming the yellow resistance level and is getting rejected. If this continues with the next 2 hourly candles, will be waiting to potentially buy in at around 6.3kUSD.

22 thg 11, 2019

Ghi chú

Bearish M-Pattern forming; viewed on the 30mins chart:
Waiting for BTC to gain more bearish sentiments and more shorts.

22 thg 11, 2019

Ghi chú

... before a possible bounce..

tradingview.com/chart/6HNn0TjD/

22 thg 11, 2019

Ghi chú

22 thg 11, 2019

Ghi chú

However, latest chart has price now breaking above resistance! .. But will it continue to find support above?

22 thg 11, 2019

Ghi chú

Price seems to have found support above yellow trend line, and positions itself back within the range set by the yellow triangle..

25 thg 11, 2019

Ghi chú

Support failed!

28 thg 11, 2019

Ghi chú

BTC retested gray resistance line and broken above instead, and with that, is now back into the yellow symm triangle.
Will it retest the lower yellow line as support to confirm a bullish move ahead?