BTC (Y20.P4.E7).TA.Areas of interest
Güncellendi
Hi All,
Looking at this chart, one can see a few key points.
> The 2 Moving Averages, being the current potential range on the daily:
The 50 MA as the top resistance giving downward pressure;
The 200 MA as the last bullish support; Potentially to test the 9150 price
> We have the bottom trend line looking like a channel or downward wedge formation.
> 2 area of interests for the reversal, $9800 to $9950 and $9200.
1st area can be viewed as a double bottom.
The other area of interest can be viewed as downward wedge breakout formation.
The 9200 price range has confluence with the daily 200 MA and the well established support level for the month of June and July.
> Daily indicators show no sign of reversal yet, no cross over of the signals\rsi or crossing over any time soon. Note how one of the fib channel lines has conflence at this level (0.382 green line)
> On the 8 HRLY, shorter time period, we have signals crossed over however in the bearish region meaning no reversal any time soon.
> Short term, BTC dom. to drop however we still have upward pressure on BTC.dom in the 2 day and above.
Please give me a tick or like for this post.
Regards,
S.SAri
8 HRLY chart:
Daily chart:
3 Day chart: Not the Phoeix indicator, the RED rsi has yet to pass the 50% level while the grey energy is declining, still showing downward pressure.
20 Hr for the 3 day candle to close
BTC.dom 3 day chart
SP500 still sideways or downwards pressure.
Looking at this chart, one can see a few key points.
> The 2 Moving Averages, being the current potential range on the daily:
The 50 MA as the top resistance giving downward pressure;
The 200 MA as the last bullish support; Potentially to test the 9150 price
> We have the bottom trend line looking like a channel or downward wedge formation.
> 2 area of interests for the reversal, $9800 to $9950 and $9200.
1st area can be viewed as a double bottom.
The other area of interest can be viewed as downward wedge breakout formation.
The 9200 price range has confluence with the daily 200 MA and the well established support level for the month of June and July.
> Daily indicators show no sign of reversal yet, no cross over of the signals\rsi or crossing over any time soon. Note how one of the fib channel lines has conflence at this level (0.382 green line)
> On the 8 HRLY, shorter time period, we have signals crossed over however in the bearish region meaning no reversal any time soon.
> Short term, BTC dom. to drop however we still have upward pressure on BTC.dom in the 2 day and above.
Please give me a tick or like for this post.
Regards,
S.SAri
8 HRLY chart:
Daily chart:
3 Day chart: Not the Phoeix indicator, the RED rsi has yet to pass the 50% level while the grey energy is declining, still showing downward pressure.
20 Hr for the 3 day candle to close
BTC.dom 3 day chart
SP500 still sideways or downwards pressure.
Not
BTC domin. Macro levelNot
If this level holds, I would be surprised but that's not to say I won't keep my eye on it. If it is to hold, it will take some time to see the Phoeix\Stoch RSI start building a bullish divergence...currently there isn't any.Not
Update:I did buy some BTC here based on the RSI and price action structure.
If it drops more to the next level here. I will going all in.
I do have money left over but most of that is going to be dedicated to the ALTS.
For now, I am buying in for LINK and looking at UNI as well, I havn't done my scans so today will be it.
İşlem aktif
looking at the weekly chart, we had another bounce off the 20 Weekly ema.However we seen is wick once below this recently and I think the wicks will hit this bottom macro trend line. roughly 9800. Hence double bottom.
Note, if we remove the Covid. Black swan event, this bottom trend line would have likely held.
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This community has signals now but with no risk management comms.
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