good afternoon o/
btc is in somewhat of a flag up here, getting squeezed between the 100% extension \ the trendline overhead.
a breakout above this trendline would trigger a bunch of algos to start buying btc.
we're also finally above the 4h ichimoku cloud, which has been a massive resistance over the last couple of weeks.
it's looking kinda bullish in my eyes despite the various sell signals that are appearing on my screen today.
i'm going to have to overlook the algorithmic sells during this time \\ and lean bullish until we can break back below the 4h ichimoku cloud.
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looking for anywhere between 53~57k on this move.
ps. if we start breaking back below the ichimoku cloud, then this move was nothing more than a trap, so do keep an eye out for this key indicator.
btc is in somewhat of a flag up here, getting squeezed between the 100% extension \ the trendline overhead.
a breakout above this trendline would trigger a bunch of algos to start buying btc.
we're also finally above the 4h ichimoku cloud, which has been a massive resistance over the last couple of weeks.
it's looking kinda bullish in my eyes despite the various sell signals that are appearing on my screen today.
i'm going to have to overlook the algorithmic sells during this time \\ and lean bullish until we can break back below the 4h ichimoku cloud.
----
looking for anywhere between 53~57k on this move.
ps. if we start breaking back below the ichimoku cloud, then this move was nothing more than a trap, so do keep an eye out for this key indicator.
Note
a wise man once said, "don't fight the tape".Phrase advising not to trade against the market trend.
Note
if we can push through $49,127, the next big level of resistance will be at 50.3kif 49,127 isn't breached right now, we will most likely retest 48k before trying again.
stops in profit
Note
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i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.