LIVEAnonymous B69
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Bearish
šØ URGENT! MUST READ.šØ
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šØ#Bitcoin is about to DUMP.šØ
~
In this post, I'll give a follow-up from yesterday's update (quoted post) and inform you what to expect from the trade I gave going forward.
~
Let's talk about the trade first:
The TP 1 of the #BTC trade, which was $65,882 hit, and we got very close to the TP 2, I told you guys to move your SL to entry, and right now we're in the green zone. My SL isn't hit yet, but if your SL is hit, then you can re-enter the trade. With the same TP levels
As you can see on the first chart attached, we're currently getting a rejection off of the 20 EMA on the 4H. If you see that $BTC starts to dump after a confirmed rejection, then you can re-enter the trade, and my SL would have been $67,754 if I had re-entered the trade. Adjust this if needed for you.
We can also see that we're facing a resistance on the moving average (MA) in the oscillator, and typically, it has always been a good place to go short after the rejection. Don't enter the trade If we break above the 20 EMA on the 4H chart and hold the green zone as support. The trade will be invalidated then.
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Now let's move to Daily:
On the daily, we got an amazing bounce off the 0.786 fib level. But the oscillator on the daily isn't reset for a continuation up; we still have room to go down and we just lost the MA on oscillator in the daily time frame. Typically, this suggests we're going to dump a little bit more.
So the technical target for this correction still remains the 20 EMA, and as you can see, it's slowly coming up. We may see a situation where it comes up to the 0.702 fib level sitting at $64,789 and the price start to recover from there. But until that happens, my personal technical target is the 0.618 fib level. If things change, I'll update.
~
Thanks for reading; stay safe.š¤š»
-
PS: Read the pinned comment.
#BinanceTurns7 #btc70k #Write2Earn!
~
šØ#Bitcoin is about to DUMP.šØ
~
In this post, I'll give a follow-up from yesterday's update (quoted post) and inform you what to expect from the trade I gave going forward.
~
Let's talk about the trade first:
The TP 1 of the #BTC trade, which was $65,882 hit, and we got very close to the TP 2, I told you guys to move your SL to entry, and right now we're in the green zone. My SL isn't hit yet, but if your SL is hit, then you can re-enter the trade. With the same TP levels
As you can see on the first chart attached, we're currently getting a rejection off of the 20 EMA on the 4H. If you see that $BTC starts to dump after a confirmed rejection, then you can re-enter the trade, and my SL would have been $67,754 if I had re-entered the trade. Adjust this if needed for you.
We can also see that we're facing a resistance on the moving average (MA) in the oscillator, and typically, it has always been a good place to go short after the rejection. Don't enter the trade If we break above the 20 EMA on the 4H chart and hold the green zone as support. The trade will be invalidated then.
~
Now let's move to Daily:
On the daily, we got an amazing bounce off the 0.786 fib level. But the oscillator on the daily isn't reset for a continuation up; we still have room to go down and we just lost the MA on oscillator in the daily time frame. Typically, this suggests we're going to dump a little bit more.
So the technical target for this correction still remains the 20 EMA, and as you can see, it's slowly coming up. We may see a situation where it comes up to the 0.702 fib level sitting at $64,789 and the price start to recover from there. But until that happens, my personal technical target is the 0.618 fib level. If things change, I'll update.
~
Thanks for reading; stay safe.š¤š»
-
PS: Read the pinned comment.
#BinanceTurns7 #btc70k #Write2Earn!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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