ssari

BTC (Y19.P2.E8).Still Bullish

Short
ssari Mis à jour   
BITSTAMP:BTCUSD   Bitcoin
I'm still bullish at the micro level and macro level (refer to the video link below for explanation)

Observations for short term:

> We have a BULLISH divergence on the 4 HRLY chart
> We have an engulfing bullish candle on the 4 HRLY chart after a spinning top at the support level
> We have what seems to be a BULLISH wedge formation
> We have confluence as support fib.fan 1/3 at the macro level
> Note buy zone might have to be raised another $100 as the bullish div. might kick in


Conclusion:
> Immediate target top of wedge, 8990
> Breakout of wedge, immediate target 9450


DAILY Chart: Note how fib.circle (ring) acting resistance. 1st major ring resistance broken, 2nd ring resistance to be broken

Video links for MACRO overview
Commentaire:
Commentaire:
Update:
The price has hit another support fib.fan line and got a response, question is will it hold. Unlikely.
Commentaire:
more updated information and what looks like a spinning top candle stick, meaning a reversal. Note the 8500 touch response, which is approx. fib. level 0.5. Not surprisingly it has confluence on my pre-dawn channel, and support lines which in October had a bounce off 7800 level to 8600. I'm expecting another major move as well.
Commentaire:
Note, morning star on the 4 HRLY
Commentaire:

Discord: discord.gg/JC7CDdJv (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.