A long wait finally, BTC IS Dumping again . But Still, BTC is not stable
Looking at daily,
the raise after the neckline 6000 touch is not strong.
It retries again to 6000, and if it fails it is long trader dominance, but if it reaches around 6000.0 it is considered to be a short continuation.
Most recently, MPP (P) 6641.8 is not functioning, so I'd like to think about trade by attracting it to either up or down.
tactics
1-1) It got up and reached around 7000. It acted as a resistance
short.
The first limit is on WePP (P) 6607.1
The second limit is on WePP (S1) 6374.9
1-2) It got up and reached around 7000. It is doubtful whether it acted as a resistance
I will start considering the long.
2-1) Although it decreased, it came back without reaching near 6000
We will observe it because there is a possibility that it will range or be rebounding.
3-1) It fell, it reached around 6000. It served as a support.
I do not long because I'm thinking about shorting. I will observe.
3-2) Go down, penetrate 6000 down. It then acted as a resistance line.
short.
First limit is on WePP (S3) 5818.5
The second limit is MPP (S1) 5504.7
3-3) go down, penetrate 6000 down. It plummeted as it was.
Observe until a line acting as a resistance is found.
I would be grateful if you like it idea,give me follow or agrees!
Legend
Brown thick line: Yearly Pivot Points (YPP in the text)
Light blue thick line: Monthly Pivot Points (MPP in the text)
Green thin line: Weekly Pivot Points (WePP in the text)
Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly
Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily
Indigo dotted line: outstanding round number.
Red curve: EMA 20 close
Indigo curve: EMA 200 close
Green curve: EMA 800 close
Black curve: EMA 1600 close