BitcoinMis à jour BTCUSD - important trend decision square
Hi to all !
I drawed Bitcoin most important white diamond decision moment at 4hour chart.
As you can see, Bitcoin finally reached a cross created from main uptrend and all time high correction.
In my opinion, in next 2-3 weeks, we will see important breakout and raw truth.
If we want to see bulls in near future, for me I´ve got 3 basic conditions:
1. BTC needs to get above blue line ( EMA 50 )
2. BTC dominance needs to increase above 55 - 60 % of market
3. BTC can´t dip below lower green dotted line and close 4 hour candle there with next,continue "confirmation" ( red ) candle
If BTC will be capable to break below " head peak " of head and shoulders formation, It´s really possible to reach 786 level of Fibo retracement. So please, be careful , If you trading.
That´s all for now , but check my updates : )
SIncerelly,
Mario Emvo.
*This is not a financial advice.
*For education purposes only.
Please, never trade by my charts.
I drawed Bitcoin most important white diamond decision moment at 4hour chart.
As you can see, Bitcoin finally reached a cross created from main uptrend and all time high correction.
In my opinion, in next 2-3 weeks, we will see important breakout and raw truth.
If we want to see bulls in near future, for me I´ve got 3 basic conditions:
1. BTC needs to get above blue line ( EMA 50 )
2. BTC dominance needs to increase above 55 - 60 % of market
3. BTC can´t dip below lower green dotted line and close 4 hour candle there with next,continue "confirmation" ( red ) candle
If BTC will be capable to break below " head peak " of head and shoulders formation, It´s really possible to reach 786 level of Fibo retracement. So please, be careful , If you trading.
That´s all for now , but check my updates : )
SIncerelly,
Mario Emvo.
*This is not a financial advice.
*For education purposes only.
Please, never trade by my charts.
Note
BTC breaked below diamond.Now I want to see, if we dip under red dotted line at 4 hour closed candle. If yes, BTC can happen a major sell.Note
BTC just touched red line and pull back. I am waiting for stronger green candle as confirmation of reversal point.Note
BTC looks to started falling again.*This is not a financial advice.
*For education purposes only.
Please, never trade by my 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.
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.