Consolidation, Macro Bullish Scenario
Hey guys how are you all doing? I hope you all are doing good and at home keeping safe.
This is an update on my BTC D1 chart based on my algo.
It appears we're still in consolidation, at 7100 to 7400, key levels of support is at 7100. Volume is compressed, getting ready for a big move. Key indicator to watch out for is D1 ATR, if it falls below 500, and H1 is at 60 to 55, then the big move will happen.
SHort Short term Bias:
H4 short target is 6900 to 6840, which are also my LAST SUPPORT for the current bullish rally, otherwise if price drops below Last Support,
I'm inclined to think that we will have more ranging until next week.
Mid Term to Longterm Bias:
D1 buy order will trigger at 7501 with TP at least 7740.
At the weekly im still Bullish. Bullish Divergence spotted at D1 on April 7. My algo at D1 and W1 are still bullish. Invalidation of Bullish bias is if we hit below 6500.
Safe Trades Everyone
This is an update on my BTC D1 chart based on my algo.
It appears we're still in consolidation, at 7100 to 7400, key levels of support is at 7100. Volume is compressed, getting ready for a big move. Key indicator to watch out for is D1 ATR, if it falls below 500, and H1 is at 60 to 55, then the big move will happen.
SHort Short term Bias:
H4 short target is 6900 to 6840, which are also my LAST SUPPORT for the current bullish rally, otherwise if price drops below Last Support,
I'm inclined to think that we will have more ranging until next week.
Mid Term to Longterm Bias:
D1 buy order will trigger at 7501 with TP at least 7740.
At the weekly im still Bullish. Bullish Divergence spotted at D1 on April 7. My algo at D1 and W1 are still bullish. Invalidation of Bullish bias is if we hit below 6500.
Safe Trades Everyone
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