Hey there,
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So we for now moved out of the 4h ascending triangle, have touched support multiple times and are still holding strong.
Moving averages and so on are still way above price, so there is a lot of room until Bitcoin gets there.
On smaller time frames there is a lot of chopy action, so for clarity I advice using daily and 12h chart and only for entries
the 1h and 4h.
After dropping a bit today, Bitcoin held most of its gains which it made in the past days. For me has a bullish bias, yet
we are a bit extended and I would like a retest of this clear trendline.
For that we would need a wick down to around 6.5k to 6.3k on Bitcoin. That is also where my orders currently are waiting.
An important signal is the tomorrow upcoming 9 on the TI Indicator sequential (td sequential). This could either send Bitcoin
down under and create another daily higher low and possibly form another ascending triangle on the 12h chart,
or rebound the price sharply to the upside, like it did back in 2018.
For now I remain long, with scaling in trading strategies.
Looking good so far.
Cheers,
Konrad
Please like my post and follow me here on TV to support my work!
So we for now moved out of the 4h ascending triangle, have touched support multiple times and are still holding strong.
Moving averages and so on are still way above price, so there is a lot of room until Bitcoin gets there.
On smaller time frames there is a lot of chopy action, so for clarity I advice using daily and 12h chart and only for entries
the 1h and 4h.
After dropping a bit today, Bitcoin held most of its gains which it made in the past days. For me has a bullish bias, yet
we are a bit extended and I would like a retest of this clear trendline.
For that we would need a wick down to around 6.5k to 6.3k on Bitcoin. That is also where my orders currently are waiting.
An important signal is the tomorrow upcoming 9 on the TI Indicator sequential (td sequential). This could either send Bitcoin
down under and create another daily higher low and possibly form another ascending triangle on the 12h chart,
or rebound the price sharply to the upside, like it did back in 2018.
For now I remain long, with scaling in trading strategies.
Looking good so far.
Cheers,
Konrad
