Ok, after reaching 9600 for several times(double top) we need to reach 9350 again(double bottom).
As you can see rsi is trying to form a divergence, volume goes down again, and macd is waiting for a big bomb here.
Cup and handle almost confirmed.
Ma's are supporting doing the dynamic support ! and they are doing that well.
I have some ideas for this situation, lets check it out together:
1: rsi divergence will push us down to 9k area again(if btc cant break the last HL)
2: if cup and handle can confirm their job ! we will see 10500 ! the high of cup is about 1k !
3:
As you can see we are in a ascending channel and we are at the edge of it, it has two options here, break the top(Which means we break the resistance and we will touch 10k), break the bottom(Which means we failed and rejected by the head pressure and it will push us to 9k area.
Alright guys im telling you this again, Please follow your thoughts and your strategy.
If you liked it, please hit the like button, share and write your comments, thanks for reading.
Take care, trade safe
As you can see rsi is trying to form a divergence, volume goes down again, and macd is waiting for a big bomb here.
Cup and handle almost confirmed.
Ma's are supporting doing the dynamic support ! and they are doing that well.
I have some ideas for this situation, lets check it out together:
1: rsi divergence will push us down to 9k area again(if btc cant break the last HL)
2: if cup and handle can confirm their job ! we will see 10500 ! the high of cup is about 1k !
3:
As you can see we are in a ascending channel and we are at the edge of it, it has two options here, break the top(Which means we break the resistance and we will touch 10k), break the bottom(Which means we failed and rejected by the head pressure and it will push us to 9k area.
Alright guys im telling you this again, Please follow your thoughts and your strategy.
If you liked it, please hit the like button, share and write your comments, thanks for reading.
Take care, trade safe
Note
I forgot to sayI recommend you to do long above 9600 to 9950(if it break then 10100 as second TP)
And do short below 9300 to 9k(if it break then 8800 as second TP)
Good luck guys.
Trade active
This is not trusty anymore.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.