EmVi

BTCUSD - important trend decision square

BITFINEX:BTCUSD   比特幣 / 美元
Hi to all !

I drawed Bitcoin most important white diamond decision moment at 4hour chart.
As you can see, Bitcoin finally reached a cross created from main uptrend and all time high correction.

In my opinion, in next 2-3 weeks, we will see important breakout and raw truth.

If we want to see bulls in near future, for me I´ve got 3 basic conditions:
1. BTC needs to get above blue line ( EMA 50 )
2. BTC dominance needs to increase above 55 - 60 % of market
3. BTC can´t dip below lower green dotted line and close 4 hour candle there with next,continue "confirmation" ( red ) candle

If BTC will be capable to break below " head peak " of head and shoulders formation, It´s really possible to reach 786 level of Fibo retracement. So please, be careful , If you trading.

That´s all for now , but check my updates : )
SIncerelly,
Mario Emvo.

*This is not a financial advice.
*For education purposes only.
Please, never trade by my charts.


評論: BTC breaked below diamond.Now I want to see, if we dip under red dotted line at 4 hour closed candle. If yes, BTC can happen a major sell.
評論: BTC just touched red line and pull back. I am waiting for stronger green candle as confirmation of reversal point.
評論: BTC looks to started falling again.

*This is not a financial advice.
*For education purposes only.
Please, never trade by my charts.
oh ok, no problem friend :)
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I understand that it is a formation of change of trend, it is a "diamond", if so, when entering the diamond from a downward trend there should go upward



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EmVi RodrigoGarreton
@RodrigoGarreton, Yes, sorry for my English. It´s not my main language : )
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@EmVi, español?
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EmVi RodrigoGarreton
@RodrigoGarreton, Slovakia : )
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