BitcoinShort
BITCOIN // daily countertrend
After reaching the weekly target fibo 323.6, the market broke the structure on the weekly chart (closed below the weekly impulse base).
This impulse looks nice on the H4 chart as well, and a long countertrend of this counter-impulse has been formed.
This minor long trend (the countertrend of the countertrend) is breaking at the short trigger zone (red).
If this happens, the correction fibo 38.2, and later even the 50 can become target in the valid countertrend.
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Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
———
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present.🏄🏼♂️
Your comments and support are appreciated! 👊🏼
This impulse looks nice on the H4 chart as well, and a long countertrend of this counter-impulse has been formed.
This minor long trend (the countertrend of the countertrend) is breaking at the short trigger zone (red).
If this happens, the correction fibo 38.2, and later even the 50 can become target in the valid countertrend.
———
Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
———
We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds.
Stay grounded, stay present.🏄🏼♂️
Your comments and support are appreciated! 👊🏼
Note
H1
Day trader capitalizing on the expansion phases of emerging trends.
MORE CHARTS & FREE EDUCATION // coming soon
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MORE CHARTS & FREE EDUCATION // coming soon
SUBSCRIBE 🚀 themarketflow.trading
Day trader capitalizing on the expansion phases of emerging trends.
MORE CHARTS & FREE EDUCATION // coming soon
SUBSCRIBE 🚀 themarketflow.trading
MORE CHARTS & FREE EDUCATION // coming soon
SUBSCRIBE 🚀 themarketflow.trading
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