Bitcoin quick review 4H

Hi everyone
we have these data on the chart:
we are still up on the Ichi cloud (positive sign)
the 160 EMA(yellow curved line) below us (positive sign)
Rate of change still on the positive side ( setup on daily MTF)
short positions based on Bitfinex are around 4100 ( signs for sideways moves)
long positions based on Bitfinex are around 215500
we are still moving into a wedge
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so those information gives me that outcome:
below 18600 the price has strong potential to drop to my red flag
upon 19400 we have strong potential to keep moving on my green frag
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don't forget Market makers could manipulate the market( bull trap or bear trap either side) so...

TRADE SMART
Enjoy the market

Giao dịch đang hoạt động:

breaking the up line of the wedge if not fake break out lead us at least to 19800 level again. so if you take long position set your proper loss.

Bình luận:

closing below 18600 just confirmed for more decline. our red flag target is validated now.

Bình luận:

Giao dịch đang hoạt động:

target almost reached to the zone but it is still activated. it is too soon to close we may go more upward.
Enjoy the market

Giao dịch đang hoạt động:

new ATH rally is not done yet. next level would be 22800