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BlackchenOG
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BlackchenOG
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$BTC I don't know if this is valid C&h. Is this valid? or a valid joke?🤡 I just recently plotted the lower 4hr frame trendline & I remember that I also plotted a macro trendline so I tried putting them all together and then this gives me a new conclusion hitting the 200EMA doesn't mean we are already in a downtrend sometimes hitting the EMA200 is also like Bears asking a question for bulls can we go down now? and if yes the answer will be a clear breakdown below EMA200 meaning we are ready to go down. or No, we are not allowing that, and a rejection at EMA200 will give us DATA, which is currently happening. what will happen next? well, bears will try to ask the same question again on our EMA200 meaning they are going to try to break EMA200 again and if ever this breaks then this is the conclusion of a confirmed bearish MACRO frame. also, I forgot that I plotted a macro-historical analysis of BTC halving in which 53kish precisely gives us a strong rejection the intersection of trendlines also formulates a strong indication that 53k is a solid buy zone. 53k has also a solid fair value gap on the daily and weekly frame, the reason of a strong rejection + backed by trendline supports and a 4hr divergence that I mention on my old post which is currently playing and a bullish divergence which Tp1 hits creates a huge reaction bounce. all confluences started to be linked. BUT AGAIN LETS STILL CONSIDER THE MT.GOX REPAYMENT A POTENTIAL SELL OFF. AND OUR HARMONIC DLEGS MENTION ON MY OLD POST. for now we are riding a rejection but until when? My answer is "I DON'T KNOW". DISCLAIMER: NOT FINANCIAL ADVICE , FOR EDUCATIONAL PURPOSES ONLY
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It's weekend volume is low so scalping short term is ideal for us today quick and fast weekend band aid ⛑️
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$HIGH quicky
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$HIGH I did not know that I have OLD charting on HIGH & already hit max target now High pulled back to where it started to gain it's attention the question is will it manage to give the same reaction last year? Here's insight High can still drop to 0.95 - 0.94 on the other hand it has breached my mid support at 1.50 1.50 is already a good entry but since price push down below 1.50 chance to hit 0.95 has increased. while taking a risk entry now is also in the zone of buyers interest in short HIGH is now in a decision making zone where we pull back now or extend our liquidity grabbing down to 0.95-0.94 my target above are: on my futures chart see photo for more detail again im not telling this is now bullish I haven't yet saw a reversal structure my only basis is 1.50 support of mine is breached and im looking for a rejection somewhere below it NON OF THESE ARE FINANCIAL ADVICE ALWAYS QUESTION YOURSELF IF YOU TAKE IT OR NOT YOU WILL STILL REMAIN RESPONSIBLE ON YOUR TRADE OUTCOME
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$TRB 💵
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