@ArShevelev Bitcoin Weekly Chart Overview XBT
Hi there, Bitcoin chart showing some stability over the week, many people started to think that the market is recovering and it will be bullish in nearest future. Well I have doubts about it, so we calculating our probabilities to manage risks before taking trade decisions.
Look at chart now: it showing us Ascending Triangle, and price still developing inside it. So before breakout we can't take our long-term trade.
Look at Resistance lines they are Blue and formed with 2018 highs. Here we can see some short opportunities near it, approximately at 4400-4800-5200 levels (Fibonacci levels).
Indicator RSI now forming pattern similar to bear flag.
Previous important ideas:
Wyckoff logic:
Monthly Candlesticks:
Total market cap accumulation?!
Look at chart now: it showing us Ascending Triangle, and price still developing inside it. So before breakout we can't take our long-term trade.
Look at Resistance lines they are Blue and formed with 2018 highs. Here we can see some short opportunities near it, approximately at 4400-4800-5200 levels (Fibonacci levels).
Indicator RSI now forming pattern similar to bear flag.
Previous important ideas:
Wyckoff logic:
Monthly Candlesticks:
Total market cap accumulation?!
Commentaire:
DUMP?! Always check divergences:
🔵 🟡 𝗙𝗥𝗘𝗘 & 𝗣𝗥𝗘𝗠𝗜𝗨𝗠 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: t.me/+5hlxWmhHaKplN2Rk
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