Trend is strong but awareness is needed (Hourly chart) BTC-XBT
As you can see we have been putting some nice waves in on the 1 hour with a strong trend since the sub $7000 levels & this is expected to continue
however it is important to be aware of both options especially after a strong rally.
Bullish scenario -
1. We start impulse to 11k and meet Resistance
2. oversold macd
3. 1 2 3 4 5 impulse wave
Bearish scenario -
1. We have support failure & head for $8000
2. Bearish divergence & double top
3. expanded flat (b wave exceeds a wave)
Watching out & make plans for for both!
Stay profitable out there!
Dalinhood
however it is important to be aware of both options especially after a strong rally.
Bullish scenario -
1. We start impulse to 11k and meet Resistance
2. oversold macd
3. 1 2 3 4 5 impulse wave
Bearish scenario -
1. We have support failure & head for $8000
2. Bearish divergence & double top
3. expanded flat (b wave exceeds a wave)
Watching out & make plans for for both!
Stay profitable out there!
Dalinhood
Note
Note
Clause de non-responsabilité
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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.