BTC (Y20.P2.E7.v2).What Next, other scenario

Hi All,

After having another think about it, the scale I had before just seems tight and I think time will drag this out.
Hence the more I think of it, the more I think this is likely.

Note

Just maybe the 13 EMA on the daily will do it

Note

It turned out the 13 EMA on the daily was the bounce. Now we have both ETH and BTC hitting another major fib.level. I think it will retest the previous micro support between 10150 to 10180. If that doesn't hold then the 10 EMA on the Daily

Note

BTC has broken the channel and is over extended. It hence is represented by the bearish div. on many time frames.
This I understand means that there is a high probability for a major pullback. It breaking the channel is somewhat defined as parabolic. Hence make sure you take some profit off the table.
Just by watching the candle sticks and OBV oscillator, we know its struggling to make new highs.

Note

next stage,

Trade closed: target reached

This post is superseded by this next post

ssari

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BTC (Y20.P2.E7).What next?

by ssari

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ssari

Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.