BTC (Y19.P2.E21).Macro.Bullish Scenario

There is a big possibility for a micro inv. H&S to bring about a macro inv. H&S.

For now I see 2 possible scenario's,

a) inv. H&S on the micro level.
b) or further downside towards the low 6K's (as 6400s was premature, ichy fingers)

for now, I'm leaning towards a) a drop to the sloping trend and a bounce possibly of the 0.5 or 0.618 retracement as per chart and towards completing the inv. H&S or W bullish pattern.

In both cases bring about a major move to the upside.
Please give a thumbs up or a like if you agree or just appreciate the effort.

Regards,
S.Sari /CryptoProspa


For now:

Micro level

Macro level

Previous post

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closer look, 30% chance this in invalidated...looks like failure. The pattern can be one thing but the market bulls are not there.

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On the daily, if we pass and close above the 21 EMA\MA, the conservatives will jump in, until then, its going to be difficult.

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One more attempt at the resistance but it needs momentum and a drop to the 0.5 fib retracement or slope resistance (to act as support in this case). 7500 target. Question is will the daily candle close above the 21 MA\EMA when that happens.

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Trade fermée: cible de profit atteinte:

Concept or targets confirmed as targets are reached.