BTC (Prj.2019.P03.E12).Next MACRO level move
Güncellendi
Looking at the past week, it's obvious the BEARS have dominance and with a 20% drop...it showed how weak hands.
On the WEEKLY CHART, we have had 3 big rejections with LARGE wicks. This is a clear sign where things are, a pause on the bull run.
Hence it will take a lot longer for the bull trend to resume.
The RSI or momentum indicators show for the short term, a likely limited uptrend and as per the chart, where the potential boundaries are.
MACRO LEVEL: BTC remains above the BLUE Moving Average multiple times during the bull run of 2015-2017.
The trend just got tested again and passed. However looking up closely...its getting to a pivotal point...soon. This is what needs to be monitored.
Previous post, a continuation from it.
On the WEEKLY CHART, we have had 3 big rejections with LARGE wicks. This is a clear sign where things are, a pause on the bull run.
Hence it will take a lot longer for the bull trend to resume.
The RSI or momentum indicators show for the short term, a likely limited uptrend and as per the chart, where the potential boundaries are.
MACRO LEVEL: BTC remains above the BLUE Moving Average multiple times during the bull run of 2015-2017.
The trend just got tested again and passed. However looking up closely...its getting to a pivotal point...soon. This is what needs to be monitored.
Previous post, a continuation from it.
Not
Not looking good. Closing below the symmetrical triangle pattern will indicate a downward trend (4 HRLY)Not
Trend compromisedNot
The battle is not finishedNot
Not
The weekly perspective. The above is also a bearish formation. As I stated, I'm looking bearish. Looking from a BEARISH perspective, the WEEKLY chart supports this theory. The RSI at the 53% has yet to be touched and the way its going, its headed for it. If it goes below this point, then we will be looking at a complete different scenario for the year.Not
Not
At the micro level, looking for bearish divergence,Not
Micro level...still bearish...many obstacles. 1 HRLY Chart.Not
MACRO level -- pivotal point. Not a good time to go in.Not
RSI reflecting the same sentiment. 3 Day chartNot
Some confirmations at the Micro level.Not
It happened quicker than I thought
Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
İlgili yayınlar
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.