Confluence of supports
In the 30m chart, price is in a contracting triangle. Momentarily fell to a support and came back. In the daily, price has broken from a channel and in the weekly, entering into another channel. I expect continuation to male a (d) wave in a contracting triangle of a Wave 4 on the weekly. The d-leg of a Wave 4 is counter trend and make an ABC form. Price is breaking a resistance at the weekly, confirmed by MACD. A pull back is expected in an ABC, if not now then at $53000 which will be supported by the current resistance.
The current support is at $44000.
R/R = 1.71
2% risk of a $30000 is 0.196 Bitcoin
The confirmation to enter comes from the hourly. in 1-hr chart there is pin bar.
Robinhood does not let me!
My account sum has jumped up, it shows only $25'000.00 available to invest, and it dies not let me use it with an error!
Ok. Let's wait for the pullback!
The current support is at $44000.
R/R = 1.71
2% risk of a $30000 is 0.196 Bitcoin
The confirmation to enter comes from the hourly. in 1-hr chart there is pin bar.
Robinhood does not let me!
My account sum has jumped up, it shows only $25'000.00 available to invest, and it dies not let me use it with an error!
Ok. Let's wait for the pullback!
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.