BTC (Y20.P1.E8).The.Decider

2020년 1월 12일

Hi All,

* This post is all about the micro or medium level TA.

I'm still bullish however the second attempt told the story that this round we will not break the top of the channel.

So we have this mid section (orange area) to be the decider.
> If we go below the trend line, then it looks like a H&S which will drive the price to the bottom of the channel, for another good opportunity.
> If,unlikely, the price has a strong response, engulfing candle, on the 1 to 4 hr chart, then we have the 8800 target.

At this point, I would say its more likely we visit the bottom of the channel, as per the chart.


At the MACRO level, I still feel we have the bottom in.


Please don't forget to give me a tick\like, as I would appreciate it.


Regards,
S.Sari /CryptoProspa

2020년 1월 12일

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2020년 1월 12일

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Its a difficult one to call.
The big play on the fake H&S with the spike and then dump to the 7K level tells me that they are in control. Allowing this to slowly go up with not much conviction doesn't give me much confidence to the upside.

2020년 1월 12일

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2020년 1월 12일

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Updated chart

2020년 1월 12일

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I'm not experienced enough to know all the patterns with many indicators. I'm sure there are patterns if interpreted correctly, it tells you a story. Henc I have picked this pattern up on the RSI (15 min chart ) and I am to believe that this is likely a spill over pattern.

2020년 1월 12일

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2020년 1월 13일

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2020년 1월 13일

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Just a thought, time will tell

2020년 1월 13일

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