BITCOIN - WHY IT’S NOT TIME FOR BUYING ?
XUANHAIMMOER COME COME !
HI guys, long time without detail explaination how BTC going with market.
Today I declare for all you “ WHY IT’S NOT TIME FOR BUYING “
As we have seen, that from the time when we break up Inverse H&S pattern from 40xx - 42xx we have strong pump up to now in 2 weeks ago.
Honestly, I very happy to see BTC has some reversal and correction in last several days. If we follow Inverse H&S so we must have correction from 47xx - 49xx, but we are in FOMO of market for thinking of “ New cycle “ or “ We will not have change for buying in dip again so keep buying “ or “ You wrong for selling in dip so keep buy as much as you can before new cycle “
That is reason why we going to 54xx$ in Binance. But happy that we will have correction from here as some explain in below.
Before reading so just CLIKE a LIKE BUTTON - just for second for support me - so thanks all you guys
Ok, let see about from the Left to the Right of chart. I will read about action of market for you can understand how it happen.
Did you see SL O; that is last Swing Low point from bullish, after that we have strong dump and making SL A. The level of SL A is lower SL O so, it confirm the bullish is over in middle term and become bearish.
the SL B is higher than SL A declare we have bullish in short term but when we confirm bearish in middle term so “ where we are ? “ >>> we are in pull back period of SH A - SL A.
So using Fibonacci Retrace and we see we may have correction from Fibonacci 0.618 - 0.786 ( 5208$ - 5302& )
Ok, let looking about the volume, consider the time after SH A. We have big bearish volume and after that we have bounce back but the volume is very low.
Looking at Candle 1 & 2 I have marked by Vertical Line, the volume of Bearish and Bullish candle is the same and higher than Average of 20 volume candle.
It mean the market has been manipulated with a “GAME”
We are trying going up but volume very low - that is why we shoulder not buy at this time.
So what we do ? WAIT FOR GOING UP AND SHORT ENTRY - BEST ADVICE
Candle 2 break up WMA 49 & 105 - I think is the fake signal for bullish short term
Okay, let see the last viewpoint. That is MACD line.
The price at SH A = 5424$ and the MACD at this point is 39.13
Let see, what happen if at right now, the price can not go higher 5424$ but MACD is going higher than 39.13 ( the number right now is very nearly ).
What’s up ? Did we have divergence ? That right. That is the best time for us SHORT ENTRY
Conclusion: THAT IS NOT THE TIME FOR BUYING ; WAITING FOR SHORT ENTRY WHEN MACD HAS DIVERGENCE AND IN FIBONACCI RETRACE OF 0.618 - 0.786
Sharing this analysis and LIKE any way !
LOVE ALL YOU
~~~ XUANHAIMMOER ~~~
HI guys, long time without detail explaination how BTC going with market.
Today I declare for all you “ WHY IT’S NOT TIME FOR BUYING “
As we have seen, that from the time when we break up Inverse H&S pattern from 40xx - 42xx we have strong pump up to now in 2 weeks ago.
Honestly, I very happy to see BTC has some reversal and correction in last several days. If we follow Inverse H&S so we must have correction from 47xx - 49xx, but we are in FOMO of market for thinking of “ New cycle “ or “ We will not have change for buying in dip again so keep buying “ or “ You wrong for selling in dip so keep buy as much as you can before new cycle “
That is reason why we going to 54xx$ in Binance. But happy that we will have correction from here as some explain in below.
Before reading so just CLIKE a LIKE BUTTON - just for second for support me - so thanks all you guys
Ok, let see about from the Left to the Right of chart. I will read about action of market for you can understand how it happen.
Did you see SL O; that is last Swing Low point from bullish, after that we have strong dump and making SL A. The level of SL A is lower SL O so, it confirm the bullish is over in middle term and become bearish.
the SL B is higher than SL A declare we have bullish in short term but when we confirm bearish in middle term so “ where we are ? “ >>> we are in pull back period of SH A - SL A.
So using Fibonacci Retrace and we see we may have correction from Fibonacci 0.618 - 0.786 ( 5208$ - 5302& )
Ok, let looking about the volume, consider the time after SH A. We have big bearish volume and after that we have bounce back but the volume is very low.
Looking at Candle 1 & 2 I have marked by Vertical Line, the volume of Bearish and Bullish candle is the same and higher than Average of 20 volume candle.
It mean the market has been manipulated with a “GAME”
We are trying going up but volume very low - that is why we shoulder not buy at this time.
So what we do ? WAIT FOR GOING UP AND SHORT ENTRY - BEST ADVICE
Candle 2 break up WMA 49 & 105 - I think is the fake signal for bullish short term
Okay, let see the last viewpoint. That is MACD line.
The price at SH A = 5424$ and the MACD at this point is 39.13
Let see, what happen if at right now, the price can not go higher 5424$ but MACD is going higher than 39.13 ( the number right now is very nearly ).
What’s up ? Did we have divergence ? That right. That is the best time for us SHORT ENTRY
Conclusion: THAT IS NOT THE TIME FOR BUYING ; WAITING FOR SHORT ENTRY WHEN MACD HAS DIVERGENCE AND IN FIBONACCI RETRACE OF 0.618 - 0.786
Sharing this analysis and LIKE any way !
LOVE ALL YOU
~~~ XUANHAIMMOER ~~~
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LIKE this post - I will tell you this one in next day !
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Signal for correction is happen !