All the kind time of the day, for a long time we did not write a detailed review on the BTC, in connection with the latest events it is worth to clarify the situation and share our view on the market as a whole.
Let's start with how all the theories about the recurrence of growth against the background of the consensus, the growth of the 6th number, the repetition of the price movement in 2014 and other years have failed, and that's why. As soon as the new major player enters the market, he begins to move the price, endure the stop and gain position. The market has replenished with new smarts when issuing futures for CME, and it means that the history before the entry of new players becomes less important.
On the 1d chart, we see a clearly expressed triangle. Triangles, pennants, flags are all the figures of the struggle of a larger player with a smaller one, everyone wants to get a price at the best price for themselves, hence the convergence of the borders, hence the breakthrough of the borders - the foot of a larger player
Triangle 1d
Let's see what happens now on 4h
We see a slowdown in the bearish trend, which was knocked out purely by the classics with volumes, in addition, a popular figure preceded it - a double bottom)) Bullish convergence on the daily chart also confirmed growth
Even the most novice trader could make out that now there will be growth, so, do we believe this movement? Of course not, it's our business to watch and wait for confirmation. This can be a rollback to the horizontal levels and to the broken trend, they all intersect at the control point 6140. We are waiting for a rollback to this level, now the bearish divergence is also drawn, but on a small timeframe, a good signal about the upcoming correction.
Back to level 6140, why is this point very important? It's very simple, keeping this level will speak about completing the set of positions with smart and you can start thinking about goals and calculate resistance, until then it is recommended to sit on the fence and wait for never more confirmation, less risk - we earn more stable, save money on the hospital))
All successful trades article will be constantly supplemented
We are waiting for your likes and comments, subscribe to our channel
We invite you to visit our site fvbtrading dot com
We offer various training options and non-standard analysis approaches, market profile, cluster analysis, tracking the position of the market maker.
Let's start with how all the theories about the recurrence of growth against the background of the consensus, the growth of the 6th number, the repetition of the price movement in 2014 and other years have failed, and that's why. As soon as the new major player enters the market, he begins to move the price, endure the stop and gain position. The market has replenished with new smarts when issuing futures for CME, and it means that the history before the entry of new players becomes less important.
On the 1d chart, we see a clearly expressed triangle. Triangles, pennants, flags are all the figures of the struggle of a larger player with a smaller one, everyone wants to get a price at the best price for themselves, hence the convergence of the borders, hence the breakthrough of the borders - the foot of a larger player
Triangle 1d
Let's see what happens now on 4h
We see a slowdown in the bearish trend, which was knocked out purely by the classics with volumes, in addition, a popular figure preceded it - a double bottom)) Bullish convergence on the daily chart also confirmed growth
Even the most novice trader could make out that now there will be growth, so, do we believe this movement? Of course not, it's our business to watch and wait for confirmation. This can be a rollback to the horizontal levels and to the broken trend, they all intersect at the control point 6140. We are waiting for a rollback to this level, now the bearish divergence is also drawn, but on a small timeframe, a good signal about the upcoming correction.
Back to level 6140, why is this point very important? It's very simple, keeping this level will speak about completing the set of positions with smart and you can start thinking about goals and calculate resistance, until then it is recommended to sit on the fence and wait for never more confirmation, less risk - we earn more stable, save money on the hospital))
All successful trades article will be constantly supplemented
We are waiting for your likes and comments, subscribe to our channel
We invite you to visit our site fvbtrading dot com
We offer various training options and non-standard analysis approaches, market profile, cluster analysis, tracking the position of the market maker.
Сделка активна:
We observe the divergence of the fractals of indicators and the price chart. Signals are more to a short position, but the presence of both signals indicates the fight of several interests. If you look from the point of view of technical analysis, that is, a rebound from a broken trend line.
Earlier we observed a classic figure: the head of the shoulders, but there was a short haircut, on the threshold of growth will get the position and take out all in a row.
While only Monday and talk about the forecast for the week early, but in the current situation, those in the position, close or close half. who sits on the fence - keep sitting, waiting for a more understandable and clean situation, all profit)
Glad to likes and comments
Earlier we observed a classic figure: the head of the shoulders, but there was a short haircut, on the threshold of growth will get the position and take out all in a row.
While only Monday and talk about the forecast for the week early, but in the current situation, those in the position, close or close half. who sits on the fence - keep sitting, waiting for a more understandable and clean situation, all profit)
Glad to likes and comments
Divergence on the diaries shows the desire of bulls to go even higher and overcome resistance 6800
on 4 hours a bearish scenario began to form
on indicators of open interest and SMO, a bearish divergence is formed (shortistes wake up and, apparently, will try to lower the price). Who will win is not clear. In the fight, we personally will not enter - to trade the breakdowns - not the best idea (statistically), the more to enter the upper border of the corridor.
We will be glad to comments and likes
All the best!