Bitcoin - Be CARUFEL about breaking trendline
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Hello Guys and Community!
Check out my analysis on Bitcoin.
A lot of people are celebrating that bitcoin broke the long term trendline. I am not. There is still big chance for drop down.
I have two scenario about BTC.
Firstl the breakout is false on bitcoin will go down and create new volume levels where I will set order on pullback.
The second bitcoin will continue in uptrend and the REALLY IMPORTANT pattern for me will be, when bitcoin create TWO daily candles ABOVE the S/R zone you can see in the chart. If it will happen I will keep you updated about my pullback entry zones.
Check also other screenshot below with my key s/r levels and orderflow chart.
Check out my analysis on Bitcoin.
A lot of people are celebrating that bitcoin broke the long term trendline. I am not. There is still big chance for drop down.
I have two scenario about BTC.
Firstl the breakout is false on bitcoin will go down and create new volume levels where I will set order on pullback.
The second bitcoin will continue in uptrend and the REALLY IMPORTANT pattern for me will be, when bitcoin create TWO daily candles ABOVE the S/R zone you can see in the chart. If it will happen I will keep you updated about my pullback entry zones.
Check also other screenshot below with my key s/r levels and orderflow chart.
Anmerkung
Orderflow chartAnmerkung
Anmerkung
Key levelsAnmerkung
Yearly VWAP 
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