btc usd perpetual PHEMEX MARCH 5-6
Güncellendi
-On 4 hour ichimoku cloud we see a green cloud with a fox heads shape.
-One of my fib extension zones match the size of the snout
HOWEVER
-After that we have printed some red cloud on the 4 hour
-On this chart when we look at the 3 hour cloud we see the red cloud matching the size of the same fib extension zone and even more red cloud being printed
-What does this tell us? Possibly that the red cloud will continue to form due to that zone on the fib extension showing stronger confluence towards resistance
-Possible head and shoulders forming to perpetuate the idea of this zone of confluence being a resistance not a zone of support
-Blue conversion line is crossing the price action to the upside indicating bearishness
-If I were to look for a long entry it would have to break my fib extension level of 52.8k
UPDATE
-Currently if we look back at the 3 hour chart... the red cloud prints and we see a suspicious shape carved into the bottom of this new printed cloud ahead of the price action. What is this predicting?
-Many are talking about the previous INVERSE HEAD & SHOULDERS that was printed and clearly visible on the 3 & 4 hour time frame... IMO this price action structure in addition to analysis of the ichimoku on different time frames is telling me we are running into a resistance and not being brought up to a zone of confluence that some people who are bullish would look at as a new zone of support
THIS IS NOT FINANCIAL ADVICE
to be continued...
-One of my fib extension zones match the size of the snout
HOWEVER
-After that we have printed some red cloud on the 4 hour
-On this chart when we look at the 3 hour cloud we see the red cloud matching the size of the same fib extension zone and even more red cloud being printed
-What does this tell us? Possibly that the red cloud will continue to form due to that zone on the fib extension showing stronger confluence towards resistance
-Possible head and shoulders forming to perpetuate the idea of this zone of confluence being a resistance not a zone of support
-Blue conversion line is crossing the price action to the upside indicating bearishness
-If I were to look for a long entry it would have to break my fib extension level of 52.8k
UPDATE
-Currently if we look back at the 3 hour chart... the red cloud prints and we see a suspicious shape carved into the bottom of this new printed cloud ahead of the price action. What is this predicting?
-Many are talking about the previous INVERSE HEAD & SHOULDERS that was printed and clearly visible on the 3 & 4 hour time frame... IMO this price action structure in addition to analysis of the ichimoku on different time frames is telling me we are running into a resistance and not being brought up to a zone of confluence that some people who are bullish would look at as a new zone of support
THIS IS NOT FINANCIAL ADVICE
to be continued...
Not
AFTER THE UPDATE I WROTE.... THE SHAPE WE SEE IN THE CARVING OF THE CLOUD HAPPENS ON 4 HOUR TIME FRAME IN THE RED CLOUD BEING PRINTED....WHAT IS THIS PREDICTING?!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.