Hello Everyone!!!
I just checked a very interesting scenario in the Hourly Time Frame. Seems like we moving in an Ascending Channel/Bearish Flag Pattern, and I think we're going to have a big move soon, perhaps in the New York Session even though it's long weekend.
Please leave me your thought about my opinion, and if you guys like to, maybe I will create YouTube channel for English language.
**BTC Idea**
This is not change my Daily perspective on BTC, recently I posted about BTC Moon Cycle, and so far almost in every Full Moon Phase, we had a nice rally.
But, still we can't ignore the lower time frame, and as a Trader, there's so many opportunity to look out on the lower timeframe.
In the 1-Hour Timeframe, right now I see a potential SHORT Opportunity, only if BTC can Breakdown very impulsive against the Trendline here.
A couple things that make me think that, this is a good opportunity to SHORT is a potential scenario for Dead Cat Bounce Pattern and also Head & Shoulders Pattern.
Although H&S is more preferable in the Uptrend, because of the characteristic of H&S that changing the Direction of the market.
Still, I'm considering the same situation right here, and looking the recent Resistance as potential Lower High for BTC price movement.
This is not a financial advice, it's just my humble opinion and I could be wrong somehow.
I also have the alternative Scenario in case you guys want to see.
Good luck for you guys!!
And I'll be waiting for your reply on your thoughts.
God Bless and Cheers!!!
https://www.tradingview.com/chart/Uvztl6V8/
