BITCOIN | Waiting For a Trendline Retest! 2.0

2020年1月23日

Hi,

The price has followed nicely my previous analysis and it has started to approach that prementioned trendline.

Previously, the area was wider and I would like to make an update to tightening it a bit. Long story short, the strongest area should be $8,000 - $8,150 and it consists of:

1) AB=CD and the D point lands perfectly inside the marked area
2) Channel projection, pulled from bodies (on line chart)
3) Fibonacci Extension 162%
4) Fibonacci Retracement 38%, pulled from December low to this year high, perfect retracement level to follow that current mid-term bullish momentum.
5) Daily EMA 50, 100, 200 acting as support levels.
6) 4H EMA 200 adding strength to the possible reversal area
7) The round number $8,000 acting as a support level
8) The historical black trendline should act as a strong support level. Pulled from 2019 high, the breakout has made with a strong and powerful candle which gives a signal that this retest should be successful.
9) Wait for a smaller timeframe rejection from the green box and as always, wait for a bullish candlestick pattern formation on 1H+timeframes to get more secure trade.


Do your own research and please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!

Regards,
Vaido

2020年1月28日

交易結束：目標達成

At the moment, I cannot see any high-probability trading areas and I don't want to make any blablabla...posts.
When I see something then definitely, I will make an update.

Regards,
Vaido