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$BTC #Bitcoin 
- H4
Retesting H4 alpha trend. Again.
Here's the entire ride from 10.5k on one chart and how crucial this H4 trend has been all this time.
We can see the obvious over extension from the structure below, but as long as the short/mid term trend is defended bullish. https://twitter.com/pierre_crypt0/status/1328677597828567046
- H4Retesting H4 alpha trend. Again.
Here's the entire ride from 10.5k on one chart and how crucial this H4 trend has been all this time.
We can see the obvious over extension from the structure below, but as long as the short/mid term trend is defended bullish. https://twitter.com/pierre_crypt0/status/1328677597828567046
Here is $BTC #Bitcoin on H1.
If you've been following my updates on BTC recently (past few weeks) you should recognize what COULD come next:
H1 trend lost, potentialy sideway between H1 100MA and H1 trend while H4 trend reset/flatten before we pick a direction for next impulse.
on H1.If you've been following my updates on BTC recently (past few weeks) you should recognize what COULD come next:
H1 trend lost, potentialy sideway between H1 100MA and H1 trend while H4 trend reset/flatten before we pick a direction for next impulse.
The H1 trend lost into sideway while H4 catches up with horizontal level and reset has been a classic consolidation play since the beggining of this entire run.
If this time it picks South, you have your first sign of weakness imo. https://twitter.com/pierre_crypt0/status/1327659246679429123?s=20
If this time it picks South, you have your first sign of weakness imo. https://twitter.com/pierre_crypt0/status/1327659246679429123?s=20
Anyway, enough for today on BTC you have all my thoughts, pretty simple and straightforward.
Good luck.
Good luck.
Before I leave, let me clarify something, I called it "alpha trend" by reflex as we call it that way with friends to make jokes, but nothing alpha here.
It's a classic and common EMA used by many people. the value doesn't matter much the important is the overall trend it shows.
It's a classic and common EMA used by many people. the value doesn't matter much the important is the overall trend it shows.
First potential bearish retest on H1 trend here + H1 horizontal level.
If rejected here we definitely could see the scenario I've mentioned above: H1 sideway into H4 trend reset and later a direction pick.
If reclaimed already: oof.
If rejected here we definitely could see the scenario I've mentioned above: H1 sideway into H4 trend reset and later a direction pick.
If reclaimed already: oof.
IF(!) we end up doing this scenario, and we have:
H1 sideway between H1 trend and H1 100 MA => H4 trend reset and flatten => a direction pick for next impulse.
AND the direction this time is down (first time of this entire rally), then I'll have my first sign of weakness.
H1 sideway between H1 trend and H1 100 MA => H4 trend reset and flatten => a direction pick for next impulse.
AND the direction this time is down (first time of this entire rally), then I'll have my first sign of weakness.
Alright I was not planning for this to turn into a thread, but you have a lot of interesting informations in here imo.
