✅After the recent retest of $122-125k, BTC has fail to get a decisively move above $125k.
The 2D macd had temporally flipped positive. However, because of the current shakeouts from $124.5K, the 2DMACD has gone back negative.
This means a strong upside volatility will be needed to force the 2Dmacd to maintain it bullishness.
As usual, this short term short pullback is not an indicative of a TOP as the Bi-monthly and Q are still suggesting bullish uptrend (Explain in the video).
🟡Therefore, within this trading range of 125-112k zone, the supports are
118-117k & 113-112K.
Will directionally look for ~$130k (1.414extension as explain in recent videos) as the next take profits zone.
🔵Will keep an eye on the D macd as it is still positive. If it flips negative, will reassess.
The 2D macd had temporally flipped positive. However, because of the current shakeouts from $124.5K, the 2DMACD has gone back negative.
This means a strong upside volatility will be needed to force the 2Dmacd to maintain it bullishness.
As usual, this short term short pullback is not an indicative of a TOP as the Bi-monthly and Q are still suggesting bullish uptrend (Explain in the video).
🟡Therefore, within this trading range of 125-112k zone, the supports are
118-117k & 113-112K.
Will directionally look for ~$130k (1.414extension as explain in recent videos) as the next take profits zone.
🔵Will keep an eye on the D macd as it is still positive. If it flips negative, will reassess.
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.
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.