BTCUSDTBTCUSDThe arrows indicate every time I read a post or an article saying "Bull market is BACK Baby!!!" For a day trader, bull, bear, or sideways are irrelevant. I forecast and then wait for entries.
Bright Green lines are points where to expect a test-reject or test-retest-breakthrough. When you see the price test a Green line, it's time to switch to lower timeframes.
At the moment the Price is inching upwards in a channel created around 17th of June. But BTC is still in a long term Downward channel. It is important to pay attention to confluences.
If the price manages to break 24200, the Daily Resistance, Golden Pocket and the channels crossing is the area where I'd expect a lot of volatility.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
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Note
An almost identical maneuver on BTC and Coinbase charts.BTC reached the levels proposed on the original chart of this idea.
Top of 24267
Bottom of 22642
Great to see that my levels thesis is holding up.
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Publications connexes
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.