BTC/USD possible rise to $30,000
Cryptocurrency Practice #1
Many confluences for this rise -
1. Wave 2 Psychology matches up, vicious sell-off occurred, news during wave 2 was bad and people thought of it as re-testing prior lows, wave 2 volume was lower than wave 1.
2. Weekly bear divergence died down.
3. Bounced off multi-year ATR lows.
4. Nearing CAM S4.
Waiting for confirmations for a bounce around 7k-6k.
Many confluences for this rise -
1. Wave 2 Psychology matches up, vicious sell-off occurred, news during wave 2 was bad and people thought of it as re-testing prior lows, wave 2 volume was lower than wave 1.
2. Weekly bear divergence died down.
3. Bounced off multi-year ATR lows.
4. Nearing CAM S4.
Waiting for confirmations for a bounce around 7k-6k.
Note
Extremely close to breaking the long term trendlineTrade fermée: cible de profit atteinte
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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.