BTC - 6 Indicators CONFIRM - 8HR TIMEFRAME

7 авг. 2022 г.

Hello...

Here is my analysis on BTC for next possible target - this is a bullish (short term position) since we are in a BEAR FLAG and expecting more downside from BTC in the long run

TIMEFRAME - 8HR
BULLISH PENANT - Broke penant in lower timeframes
FFEMAR - Above all indicator levels
BEAR FLAG - Bounce of below trend lines (white)
VRVP - Crossed VRVP in lower timeframes
MACD - Showing decrease in sellers strength
SUPPORT RESISTANCE DYNAMIC - Bounce off support level

If it stays above VRVP target is at $24,294 which is the next SUPPORT RESISTANCE DYNAMIC level which will be hard to reach since there is
also a resistance level below (RED ARROW) as indicated by VRVP

Studying this markets to become a Trader!!!! lets keep it going!!

Any comments or ideas are welcome

Thank you,

8 авг. 2022 г.

Сделка активна

BTC hit target stated I closed my position
Lets see if it continues upward towards the 200SMA

FYI: SPY is hitting FIB 0.65-0.618 area