BTC (Y20.P1.E4).Bullish Chart
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Hi All,
I have to admit, this chart is hard to read because one brings the emotion of the dump into the background with risk written all over it.
However when I look at the chart, its all bullish for me.
When I look at the Nas100 and SPx500, there is a big bullish divergence there as well, giving me the perception for the short period, we have more up's to go.
Hence if I stick to TA and factoring in the broader markets, in the short period, a week or less, we will have more highs to go, as per my chart.
Either 6500 or 7Ks
I do think 6400 to 6500 is a strong resistance and hence a pullback would be likely and as per my chart:
On the left, is the cradle area i'm watching to enter (the 1 hrly chart gives a better perspective, below)
On the right, the fib and structure formation + trend lines, I'm watching to enter
Looking at the right chart, one can see a bullish and bearish flag, so no idea which one it is.
I think looking at the MACRO level and the overall markets, we have not changed trend and hence this can just be a big bottom structure for BTC.
Hence why I will not be looking to go long, just buy the dips and raise the stop limits until I'm stopped out, with obvious targets to take profit, a %
1 HRLY and 4 HRLY chart > 5850 to 6000 looks like a nice area to enter
1 Day and 4 HRLY chart >
Daily still having 10 and 21 EMA resistance layer with MACD turning and Parabolic SAR indicator giving a bullish dot
4 HRLY Ichimoku resistance cloud so we can keep going sidewards
8 HRLY chart >
Previous support layer at 6400 to 6500 as a big obstacle and the ichomoku cloud confirms this as well
NAS100, SPx500 chart and Gold
Overall thoughts, chart is still bullish but resistance is near.
I feel it really depends on the other markets to allow BTC to go up for the short period or not.
The next 2 days will tell us about the momentum.
Please give me a tick or a like for your appreciation.
Maybe some of this will give you ideas on how to look at the bigger picture.
Regards,
S.Sari
I have to admit, this chart is hard to read because one brings the emotion of the dump into the background with risk written all over it.
However when I look at the chart, its all bullish for me.
When I look at the Nas100 and SPx500, there is a big bullish divergence there as well, giving me the perception for the short period, we have more up's to go.
Hence if I stick to TA and factoring in the broader markets, in the short period, a week or less, we will have more highs to go, as per my chart.
Either 6500 or 7Ks
I do think 6400 to 6500 is a strong resistance and hence a pullback would be likely and as per my chart:
On the left, is the cradle area i'm watching to enter (the 1 hrly chart gives a better perspective, below)
On the right, the fib and structure formation + trend lines, I'm watching to enter
Looking at the right chart, one can see a bullish and bearish flag, so no idea which one it is.
I think looking at the MACRO level and the overall markets, we have not changed trend and hence this can just be a big bottom structure for BTC.
Hence why I will not be looking to go long, just buy the dips and raise the stop limits until I'm stopped out, with obvious targets to take profit, a %
1 HRLY and 4 HRLY chart > 5850 to 6000 looks like a nice area to enter
1 Day and 4 HRLY chart >
Daily still having 10 and 21 EMA resistance layer with MACD turning and Parabolic SAR indicator giving a bullish dot
4 HRLY Ichimoku resistance cloud so we can keep going sidewards
8 HRLY chart >
Previous support layer at 6400 to 6500 as a big obstacle and the ichomoku cloud confirms this as well
NAS100, SPx500 chart and Gold
Overall thoughts, chart is still bullish but resistance is near.
I feel it really depends on the other markets to allow BTC to go up for the short period or not.
The next 2 days will tell us about the momentum.
Please give me a tick or a like for your appreciation.
Maybe some of this will give you ideas on how to look at the bigger picture.
Regards,
S.Sari
Bình luận
Another perspective, channels with fib. levels, all have confluence with support and resistances as well.Bình luận
The 30 min. chart is working for me, using the 10,21 ema ribbon (cradle method)Bình luận
Can the 0.618 fib level holdBình luận
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
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