Now this isnt meant to be a prediction of any kind, rather a supporting chart to the BTC pair i posted already. This is typically how these bottoms would unfold in the case of a broadening bottom, or inverted head and shoulders.
Looking for support above 1754, to reclaim this range, however it doesnt have to come back that far, and i wouldnt want to see it fall back into that deviation zone under1685.
The idea being, the breakdown lower got rejected, and traders are looking for confirmation of support, back inside of the range. If thats achieved, we're going to look for the range high, and the partial decline typically, which is your last sign of strength before the mark up phase.
None of this HAS to happen, just merely larping what ive seen in previous bottoms, including BTCs bear. If we see a change in character here, or a partial rise, with the inability to retest the range high / neckline, then of course, i will restrategize.
Looking for support above 1754, to reclaim this range, however it doesnt have to come back that far, and i wouldnt want to see it fall back into that deviation zone under1685.
The idea being, the breakdown lower got rejected, and traders are looking for confirmation of support, back inside of the range. If thats achieved, we're going to look for the range high, and the partial decline typically, which is your last sign of strength before the mark up phase.
None of this HAS to happen, just merely larping what ive seen in previous bottoms, including BTCs bear. If we see a change in character here, or a partial rise, with the inability to retest the range high / neckline, then of course, i will restrategize.
discord.gg/cNr35ahGsx
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discord.gg/cNr35ahGsx
Join our free discord.
Join our free discord.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。