Hello Friends, Interested and Traders,
hereby my fourth TA here. The first three were quite fitting, though not perfect. But what is perfect?
Lets go to the topic. Yes, many lines, so my explanation.
First of all, we are on the verge of real change from bear to bull. This change will be established when we cross the top black line. In addition, I have drawn a blue vertical line, this should mark the point of the breakout from the bear channel. I think around lunch time (mid european time). Maybe.
More important is, what will happen after this break. I have drawn two lines for this. R 1 with a fighting level around 11,900 - 12,000. The next little hill (no not the index) might as well be 13,000 USD high. where I think R 1 will be the more protracted limit.
When this R 1 and 2 are crossed, I expext a faster uptrend toward 14 and 16 k.
Okay, a few words to a possible uptrend. Uhhhh, I think, when BTC breaks out at the black line, a deep uptrend will be less probable.
But if we will go back down, I think 9300 will be realistic. In my opinion, a deeper fall will be less realistic. But, attention, so far, we did not cross the bear / bull Change line.
Okay, lets see, if my thoughts will be a Little bit true.
Thanks for your interest.
As always, no trading advice, trade all on your own risk.
Best greetings, Sascha
hereby my fourth TA here. The first three were quite fitting, though not perfect. But what is perfect?
Lets go to the topic. Yes, many lines, so my explanation.
First of all, we are on the verge of real change from bear to bull. This change will be established when we cross the top black line. In addition, I have drawn a blue vertical line, this should mark the point of the breakout from the bear channel. I think around lunch time (mid european time). Maybe.
More important is, what will happen after this break. I have drawn two lines for this. R 1 with a fighting level around 11,900 - 12,000. The next little hill (no not the index) might as well be 13,000 USD high. where I think R 1 will be the more protracted limit.
When this R 1 and 2 are crossed, I expext a faster uptrend toward 14 and 16 k.
Okay, a few words to a possible uptrend. Uhhhh, I think, when BTC breaks out at the black line, a deep uptrend will be less probable.
But if we will go back down, I think 9300 will be realistic. In my opinion, a deeper fall will be less realistic. But, attention, so far, we did not cross the bear / bull Change line.
Okay, lets see, if my thoughts will be a Little bit true.
Thanks for your interest.
As always, no trading advice, trade all on your own risk.
Best greetings, Sascha