BTC (Y20.P1.E20.v3).Ranging price area.Fractal.

2020年2月3日

This is a continuation of the previous post "BTC-Y20-P1-E20.v2-Ranging-price-area-Fractal"

Just an update on my thoughts:
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People are waiting for the drop due to the daily bearish divergence which is likely to be 8900 > 9050.
However its not turning out that way.

This ranging price will create some bullish formation. Using my channel, I see support as per the chart.

Approach:
Buy at the dips where I have support, in the wicks area.
Have funds to buy at the 8900 > 9050 if it is to drop, wick again.

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Previous Posts

2020年2月3日

註釋

2020年2月4日

註釋

2020年2月4日

註釋

2020年2月4日

註釋

I came across this old chart as a possible scenario.
s3.tradingview.com/p/P8yj4DK3_mid.png

2020年2月4日

註釋

15 min chart is give the 1st signs of a good bounce. However we don't know if this is a bounce towards the main support, 8900s.

2020年2月4日

註釋

What's important at the macro level, the trend on the RSI. We must on the daily RSI keep above the trend line or EMA as per chart.