BTC (Y21.P1.E21).Short term price action explained

2021年3月4日

Hi Traders,

Looking at this current level, I believe it will hold and hence I'm publishing this.
However you can see a bearish divergence will hold it back once it hits its target.

Just quickly, if you play this foreword, you will see where price held and why its bullish.

For now, the 1 hour chart is holding the trend and is a good way to gage entry.
It will likely hit the short term target and that will hopefully have a daily candle close above the 49k mark, showing another day where price closes above this level.
> 20 daily Ema > we need a daily to open and close above it others it acts like a resistance level.
Ideally we want to see a daily open and close candle above this, but necessary.

When to be concerned, stay bullish until >
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When to be concerned, If the monthly candle closes below 39k
Weekly chart, if it weekly candle closes below 49k


Al the best,

S.SAri





PREVIOUS POST

2021年3月4日

註釋

The Bearish scenario

2021年3月5日

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this old chart could still be applicable.

2021年3月5日

註釋

As stated, if we lose the 49k on the daily, we are heading down to retest a support level, as per above chart.

2021年3月5日

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2021年3月5日

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2021年3月7日

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2021年3月7日

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2021年3月7日

註釋

we hit the next resistance layer, 51k

2021年3月8日

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2021年3月9日

註釋

We have an ascending triangle on the left with the red zone as the main resistance at 52200. Later today it broke it and now a likely major support level.
The chart on the right, shows a parallel channel and within that, a consolidation area represented by another downward channel and we are seeing its top level acting as support and finding resistance by the red band.

2021年3月9日

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