BTC Diamond Formation

16 Nis 2020

Most everything is in the chart for now and anyone knows if BTC will push down 1 more time before a big rally or go up straight.
we can see that we could form a Diamond Figure (Pink) to 0.618fibo

i don't show indicators but i can say :

Monthly chart show clearly that we are still going down.
Weekly chart have indecision on indicators.
Daily chart have inverted indicators.

we have 3 clear resistances formed by EMAS to breakout :

EMA 50 ---- 7200
EMA 100 ---- 7600
EMA 200 ---- 8000

possibilities after breakout :

1. we could fly to 9000 (DIamond Finished + 0.618 FIBO )

2. we could fly to 8400

possibilities with Rejection :

3. we could retrace one more time to 3700 before a new push. ( Traditional Support )

My advice for now is to wait as spectator and wait for a dip or a breakout.

Happy Tr4Ding & Stay Safe !

23 Nis 2020

Not

7200 passed
7600 in the crosshairs..

26 Nis 2020

Not

Breaking EMA100

26 Nis 2020

Not

8000 is next Target.

29 Nis 2020

Not

EMA200 broken but be carefull around 8400ish.

29 Nis 2020

Not

8400

30 Nis 2020

İşlem kapandı: hedefe ulaştı

30 Nis 2020

Not

See u lower guys for next trade!

19 Eki 2024

İşlem kapandı: hedefe ulaştı

Diamonds are forever.