BTC is going to drop before it tops
Look at the ribbon, every time the longer EMAs (55-40 , red- orange) is on the top we take a drop before coming back up. We are also towards the end of a Bart so a drop would be expected, it may re test 9300 but it will not break 9300 without a drop to 8800-9000 before hand, as this will make a lot bears close there shorts and go long till we break 9300 as most of them know if they break it we will get an even bigger drop 6-8k which can then propel BTC upwards of 11k.
This is a very simple analysis but it is effective as a confirmation along side other info. Im not covering the extra info but theres lots of ideas here with the general guides (ABC wave, right now the C is about to go down).
just a warning if you follow this advice, im not a pro, i just a guy who likes numbers and charts.
This is a very simple analysis but it is effective as a confirmation along side other info. Im not covering the extra info but theres lots of ideas here with the general guides (ABC wave, right now the C is about to go down).
just a warning if you follow this advice, im not a pro, i just a guy who likes numbers and charts.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.