Hi guys,
For best viewing results use a laptop or pc.
Are we seeing a reversal back to the up side or entering a sideways movement before a continuation to the downside.
In this analysis I've put the short term and long term charts side by side to give you the bigger picture.
In the lower time frame have we just hit the top of the range or have we broke out like so many are saying.
Looking at the 1M chart we can see that we're retracing to the moving averages will a brake of those MA's take place pushing BTC higher or see price get rejected and brake the yellow zone moving price lower.
The area that I'm looking to as a sweet spot for BTC on the 1M chart is between the yellow and green zones.
I have also added the RSI and the BOP to my charts.
Tools used:
Ok guys, Invest small, strategically and with a plan in mind.
"capital loss is more painful than capital gained".
Stay Safe,
Crypto Leonard
P.S. This is NOT finantual advice, if you seek finantual aid seek the help of a licenced finantual adviser.
For best viewing results use a laptop or pc.
Are we seeing a reversal back to the up side or entering a sideways movement before a continuation to the downside.
In this analysis I've put the short term and long term charts side by side to give you the bigger picture.
In the lower time frame have we just hit the top of the range or have we broke out like so many are saying.
Looking at the 1M chart we can see that we're retracing to the moving averages will a brake of those MA's take place pushing BTC higher or see price get rejected and brake the yellow zone moving price lower.
The area that I'm looking to as a sweet spot for BTC on the 1M chart is between the yellow and green zones.
I have also added the RSI and the BOP to my charts.
Tools used:
- colour coded rectangles
- trend based fib extension
- fib retracement
- EMA,MA's
- BOP
- RSI
Ok guys, Invest small, strategically and with a plan in mind.
"capital loss is more painful than capital gained".
Stay Safe,
Crypto Leonard
P.S. This is NOT finantual advice, if you seek finantual aid seek the help of a licenced finantual adviser.
