Have we bottomed Bitcoin?
Cập nhật
If you followed along on the last publication, we bottommed out right into a very strong support zone. The trend ended with oversold conditions and a TD9 buy on the 4 hour chart. We are currently in the 1-4 4Hr candle bounce from the TD9 buy.
The scale is a little off because it's drawn in 10Min candles but can only publish 15 min as the lowest timeframe. Watch the chart in the bottom right to signal the sell trend from the TD9 daily sell candle has completed and the low is in. At least for the next couple of weeks. Higher high will then be likely.
If the chart breaks down and we swing to the previous low, then the sell trend is still intact and I'll try to update with new likely target bottoms. Most are already on the charts.
The scale is a little off because it's drawn in 10Min candles but can only publish 15 min as the lowest timeframe. Watch the chart in the bottom right to signal the sell trend from the TD9 daily sell candle has completed and the low is in. At least for the next couple of weeks. Higher high will then be likely.
If the chart breaks down and we swing to the previous low, then the sell trend is still intact and I'll try to update with new likely target bottoms. Most are already on the charts.
Bình luận
I should note, being a continuation pattern, this could continue the down trend and look like this. I didn't mean to publish as a long... Have gotten much sleep. Bình luận
The shape of the triangle was a stab in the dark based on some MA. It's okay for the shape to break down, but the case for the support still needs to hold for this to reverse and not head lower. These coming death crosses and angle of MA have me a little bearish.
Sitting on support on 4Hr. It'll pick up if/when it breaks.
Be mindful of the reaccumulation zone of the daily with a target of $60-80K ish.
Bình luận
10Min TD9 Buy right in our range. Bình luận
Now watch the 10Min retrace. Want to see the trend line hold for the bull case. Bình luận
Set stop at this line.... If we cross that line I'll be completely out. Bình luận
This could get ugly if we start trading below ~$33.8. 4hr 3 below the 2.Bình luận
10Min chart reset it's count to continue sell off. 1Hr about to go bearish to trigger 4Hr sell off continuation. I am very bearish right now. Under 33.6K to confirm.Bình luận
... Got very close, but never confirmed. We could be seeing a short squeeze of everyone who went short before confirmation. Or, a reversal. Waiting to see what confirms.Bình luận
Hung up on a support cluster and TD9 Buy on 10 Min.... Going to give the 4 candle a wick close and a tough call to make.... May be a long night. Bình luận
Broke down. Hit support again with a classic retrace. Should continue down. 4Hr chart has confirmed continued trend but hasn't taken out the low. I am interested in watching around
31K but if it breaks down and we swing to the low again then we'll be headed lower. It should be kept in mind the daily chart could still be in a 1-4 day correct before going back up and RSI is oversold.
Bình luận
Bài đăng liên quan
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.