$BTC setting up for the next leg
Mis à jour
BTC set up for the next leg is very constructive because of the following reasons:
1. There are buyers (support) in the 21D EMA
2. There is price and volume contraction which started when it pulled back from 67k high
3. Looking at weekly chart, this is a 4-weeks tight - based on William O'Neil, this is a form of accumulation
November 6, 2021 looks like a reverse pocket pivot.
1. This has the lowest volume in the consolidation area
2. It closed at the highs after it went below 21D EMA
1. There are buyers (support) in the 21D EMA
2. There is price and volume contraction which started when it pulled back from 67k high
3. Looking at weekly chart, this is a 4-weeks tight - based on William O'Neil, this is a form of accumulation
November 6, 2021 looks like a reverse pocket pivot.
1. This has the lowest volume in the consolidation area
2. It closed at the highs after it went below 21D EMA
Trade fermée manuellement
Reversed the breakout day with high volumeDay of the reversal coincides market wide one day reversal
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.