HTF
1D:
After three bearish daily candle closes bulls will want to see the the current candle close bullish and above the 50MA. Achieve this and the next target is the channel EQ which has acted as resistance since January 12th, shortly followed by the resistance level at 45465.
I don’t expect BTC to achieve any of this today but those are key targets for the bulls, starting today with retaining the 50MA and a bullish candle close.
The Ichimoku cloud looms ominously above, filling a similar area to the daily supply zone and 200MA.
A rising 20MA and hidden bullish divergence on the RSI give hope to the bulls with the 20MA trending upwards for the first time since November 16th.
Price action is ranging between the daily demand zone and weekly supply and a break above supply and the 45465 resistance level would be bullish.
A break below the daily demand zone and support level at 41950 would be bearish and could see us fall back to the 39600 level where we’re likely to find support. The strength of this support will be determined by whether it holds and confirms a support/resistance flip or if it fails and we see price head for the weekly demand zone starting at 34691.
1D:
After three bearish daily candle closes bulls will want to see the the current candle close bullish and above the 50MA. Achieve this and the next target is the channel EQ which has acted as resistance since January 12th, shortly followed by the resistance level at 45465.
I don’t expect BTC to achieve any of this today but those are key targets for the bulls, starting today with retaining the 50MA and a bullish candle close.
The Ichimoku cloud looms ominously above, filling a similar area to the daily supply zone and 200MA.
A rising 20MA and hidden bullish divergence on the RSI give hope to the bulls with the 20MA trending upwards for the first time since November 16th.
Price action is ranging between the daily demand zone and weekly supply and a break above supply and the 45465 resistance level would be bullish.
A break below the daily demand zone and support level at 41950 would be bearish and could see us fall back to the 39600 level where we’re likely to find support. The strength of this support will be determined by whether it holds and confirms a support/resistance flip or if it fails and we see price head for the weekly demand zone starting at 34691.
Am logging off with 0 trades on. my dca buy orders are at 41,500, 41,000, 40,000, 39,700 with sl at 39,000.
DollarPrinter
Am logging off with 0 trades on. my dca buy orders are at 41,500, 41,000, 40,000, 39,700 with sl at 39,000.
High possibility we don’t even go dow to fill these…
Forwarded from dollarprinter
aggressive shorts steamed into that low and got absorbed ...now its time to let go and say goodbye
DollarPrinter
Am logging off with 0 trades on. my dca buy orders are at 41,500, 41,000, 40,000, 39,700 with sl at 39,000.
Sl moved to entry for 0 risk. Hope you had these orders setup.. i mean the least you could have done…