Hi to all !
I drawed Bitcoin most important white diamond decision moment at 4hour chart.
As you can see, Bitcoin finally reached a cross created from main uptrend and all time high correction.
In my opinion, in next 2-3 weeks, we will see important breakout and raw truth.
If we want to see bulls in near future, for me I´ve got 3 basic conditions:
1. BTC needs to get above blue line ( EMA 50 )
2. BTC dominance needs to increase above 55 - 60 % of market
3. BTC can´t dip below lower green dotted line and close 4 hour candle there with next,continue "confirmation" ( red ) candle
If BTC will be capable to break below " head peak " of head and shoulders formation, It´s really possible to reach 786 level of Fibo retracement. So please, be careful , If you trading.
That´s all for now , but check my updates : )
SIncerelly,
Mario Emvo.
*This is not a financial advice.
*For education purposes only.
Please, never trade by my charts.
I drawed Bitcoin most important white diamond decision moment at 4hour chart.
As you can see, Bitcoin finally reached a cross created from main uptrend and all time high correction.
In my opinion, in next 2-3 weeks, we will see important breakout and raw truth.
If we want to see bulls in near future, for me I´ve got 3 basic conditions:
1. BTC needs to get above blue line ( EMA 50 )
2. BTC dominance needs to increase above 55 - 60 % of market
3. BTC can´t dip below lower green dotted line and close 4 hour candle there with next,continue "confirmation" ( red ) candle
If BTC will be capable to break below " head peak " of head and shoulders formation, It´s really possible to reach 786 level of Fibo retracement. So please, be careful , If you trading.
That´s all for now , but check my updates : )
SIncerelly,
Mario Emvo.
*This is not a financial advice.
*For education purposes only.
Please, never trade by my charts.
Комментарий:
BTC breaked below diamond.Now I want to see, if we dip under red dotted line at 4 hour closed candle. If yes, BTC can happen a major sell.
Комментарий:
BTC just touched red line and pull back. I am waiting for stronger green candle as confirmation of reversal point.
Комментарий:
BTC looks to started falling again.
*This is not a financial advice.
*For education purposes only.
Please, never trade by my charts.
*This is not a financial advice.
*For education purposes only.
Please, never trade by my charts.