Burt Wonderstonks @Stockslapper
I dont know shit im not a financial advisor This account is solely to post my sub par ideas (opinions only) Joined January 2022-
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#BTC | $BTC - looking at the two white zones at the bottom: - If this weekly candle closes under this current level (~ 19.5k to 17.5k) then we probably drop to the next major level of liquidity (supply) which is ~ 10k to 12k - just relax, watch price action, and mark out zones
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$BTC UPDATE - got a couple taps on the zones
Maverick, J.B. “Most Commonly-Used Periods in Creating Moving Average (MA) Lines.” Investopedia, Investopedia, 22 June 2022, investopedia.com/ask/answers/12….
$BTC | #BTC - some zones to look at - using moving averages & s/r zones together as confluences is valid imo - "For identifying significant, long-term support and resistance levels & overall trends, the 50, 100 and 200-day moving averages are the most common" (⬇️⬇️ for citation)
$BTC | #BTC - price had a selloff down to supply and the trend line support - waiting for good bearish volume for a relief bounce
$BTC | #BTC - descending channel with support and resistance being 2 deviations from the center - price testing the upper level - bullish volume is relatively strong compared to bear. going to need this current candle to close strong and red to stay within this channel
Just sideways movement so far today Patience is key atm
$BTC | #BTC - drew a pennant pattern off this pullback - the blue trend line is longer term made with the two recent higher lows
Burt Wonderstonks retweeted
$BTC | #BTC - zones im looking at
Just sideways movement, sitting on hands for now
$BTC | #BTC - price broke and closed above the high on Jul 18-19 - price looks to be flagging after this breakout with decreasing bearish volume - waiting at least for this daily candle to close - be patient with this as these candles are getting stuffed at the top
$BTC | #BTC - looking for a breakdown of the bottom trend line or breakout of the top zone
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