💥Hey guys! Hope you guys are doing well this morning, following up from last nights idea we let you guys know exactly what was up and what to expect! As always we gave that indication that Bitcoin could very well continue it's fall and we marked down a support line which as you can see set the stage for our fall to $19,000 once we fell below that.
💥So have no doubt when your with me and with the Rock' fam you get nothing but the best and most accurate ideas! So before I continue if you'd like to leave a like and follow it'd be much appreciated, my ideas only get more accurate with each and every single post and you only have to read my previous ideas to see how good that track history is! Thank you. Yesterday's BTC idea is also linked if you'd like to check it out!
I've added an hourly chart in linear format to make things simple to see for you guys:
💥Basically just put that up to let you know that we could still see things move further down if Bitcoin can't manage to pull up and catch the 200 EMA. Following that original fall from $28,000 you guys saw just how long it took for us to catch that 200 EMA so that's why it's vital that we catch it soon otherwise we can see further downside.
💥The next support is $18,714 with $18,600 showing a relatively large HTF level showing that we could likely see a lot of buy or sell/stop loss orders hit there at which point we could see a cascade occur should we end up hitting that mark and fall below so be wary, those HTF levels will indeed tell you a lot just like our EMA's will.
Here's another chart that shows Bitcoin's neckline of $20,000.
💥Now if bitcoin can't sustain buying pressure and move above $20,000 then you guys see what happens as usual with us being pulled back down, and I wouldn't consider a move above $20,000 to just be a confirmation as we'll need at least two moves above that to start considering a shift. We'll also need that 200 EMA to enter for a solid confirmation as we could easily see a dead cat bounce or a false bull flag form so you guys best keep on your toes and watch those 20/50 EMA's in the red and blue as that will signal the first good start of a shift up!
💥Gonna leave it here but thank you guys for joining as always and wishing nothing but the best as always! If you'd like to leave a like and follow again it'd be much appreciated! Providing you guys with nothing but the best ideas since day 1!
~ Rock
💥So have no doubt when your with me and with the Rock' fam you get nothing but the best and most accurate ideas! So before I continue if you'd like to leave a like and follow it'd be much appreciated, my ideas only get more accurate with each and every single post and you only have to read my previous ideas to see how good that track history is! Thank you. Yesterday's BTC idea is also linked if you'd like to check it out!
I've added an hourly chart in linear format to make things simple to see for you guys:
💥Basically just put that up to let you know that we could still see things move further down if Bitcoin can't manage to pull up and catch the 200 EMA. Following that original fall from $28,000 you guys saw just how long it took for us to catch that 200 EMA so that's why it's vital that we catch it soon otherwise we can see further downside.
💥The next support is $18,714 with $18,600 showing a relatively large HTF level showing that we could likely see a lot of buy or sell/stop loss orders hit there at which point we could see a cascade occur should we end up hitting that mark and fall below so be wary, those HTF levels will indeed tell you a lot just like our EMA's will.
Here's another chart that shows Bitcoin's neckline of $20,000.
💥Now if bitcoin can't sustain buying pressure and move above $20,000 then you guys see what happens as usual with us being pulled back down, and I wouldn't consider a move above $20,000 to just be a confirmation as we'll need at least two moves above that to start considering a shift. We'll also need that 200 EMA to enter for a solid confirmation as we could easily see a dead cat bounce or a false bull flag form so you guys best keep on your toes and watch those 20/50 EMA's in the red and blue as that will signal the first good start of a shift up!
💥Gonna leave it here but thank you guys for joining as always and wishing nothing but the best as always! If you'd like to leave a like and follow again it'd be much appreciated! Providing you guys with nothing but the best ideas since day 1!
~ Rock
