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axanthics6770

Approaching .718 resistance & supply line

Long
Bitcoin / Tether USD (KRAKEN:BTCUSDT)  
axanthics6770 Mis à jour   
KRAKEN:BTCUSDT   Bitcoin / Tether USD
Trend Analysis
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trendanalysis
The price action to the upside has been impressive, breaking the previous .618 fib. line and now approaching the .786 fib extension. Prior to testing the resistance of the re-accumulation channel and reaching ATH, price action must break through the local supply line. Volume should increase and to show indisputable strength JAC and then backtesting before moving to ATH in the wake of an approximately $10K shakeout. The MACD and the RSI on both the 4hr and daily support a move to an ATH, less so on the weekly. And we wait!
Commentaire:
Correction: The title should be 'Approaching .786 resistance & supply line'

Idées en relation

axanthics6770
.718 Fib surpassed, moving to test $40K
axanthics6770
Broken Through Supply Line and Testing Local .618
axanthics6770
Secondary test above support line complete
axanthics6770
Breaking Channel's Lower-Bound Resistance
axanthics6770
Shakeout 'appears' to be complete.
axanthics6770
Shakeout Respecting the Demand Line of the Overall Channel
axanthics6770
Shakeout is still in progress
axanthics6770
Shakeout in progress…Weak Bullish Divergence RSI
axanthics6770
Clear support at $40K: Bullish Divergence on RSI
axanthics6770
Bullish Divergence on the 4hr.
axanthics6770
New Re-Accumulation Phase In-Progress: Upward Thrust Complete!
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