$BTC - H4
notes on chart
tldr:
1. Hold/flip H4 13 EMA & 89/90k = continuation or at least consolidation at highs while H4 trend continues to catch up ?
or
2. Lose H4 13 EMA & 89/90k = Incoming retest of rest of H4 trend + 85k lows confluence into longer period of chop/reset ? twitter.com/pierre_crypt0/stat...
2024/11/14 03:22 :
$BTC - H4
All eyes 88-90 area as updated earlier, H4 13 EMA in confluence, rest of H4 trend still quite below.
Key level, flip it we gucci, fail to flip it back to consolidation region (with H4 trend higher, therefore invalidation for short term continuation higher too). twitter.com/pierre_crypt0/stat...
$BTC - H1
been insisting a bit since yesterday but clearly the key short term (going back into previous LTF range, or making a new one)
squigglies and fractals to show a bit more what I'm trying to say
the recent H1 chart updated (still same idea, same focuses)
key retest here for btc, whether it defends/holds H4 13 EMA & 89/90k or close back below separates us from grind up or chopfest/H4 trend (85/86) retest
still the two main scenarios for me with this trigger
First proper break of H1 trend & H4 13 EMA since 67/69
From here:
- is a deviation = must get back above 89/90k during next few H4 candles
- is a break (H4 13 EMA/H1 trend not reclaimed) = eyes on retest of rest of H4 trend (in confluence with 85/86k lows) and chopfest/longer… x.com/i/web/status/18570977070...
Until we do lose H4 trend (85/86k), imo expect chopfest more than anything - would expect drop worth of looking for new btc trades if/when start breaking it (as it could mean potential D1 trend retest)… until then beer and ski season planning time 🍻🎿
associated updated chart, highlighted "must hold" / "must reclaim" levels, chopfest in between
H1 100 MA tapped
"Must reclaim" proved why it’s must reclaim, now let’s see if "must hold" is retested and holds. In any case until H4 13 EMA & H1 trend reclaimed, 85/86k lost, I continue to assume chopfest mostly
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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