BTC Broke the massive DownWedge, but dont count chickens yet....
[Labels from previous Idea posted attached below]
BTC has repeatedly confirmed various levels above the ~$6,500 s If this support and has shown serious bullish strength since breaking above the Mega DownWedge of Summer 2019. So far, Phase E is holding through this DownWedge. If this holds, and this strength continues, the next stop up ($8,000, 8,200, 8,400, or 8,900) will be followed by a big sell off we should all enjoy. If that sell lands at $7,200 or greater, we'll see a bounce back up with another confirmation of the new market support. This will likely spawn an entirely new Bull Rush above $9,000 or even up to $13,000 to match the previous market's high. If the sell to $7,200 fails, expect a very steep run back down to retest $6,500 followed by a lot of volatility between there and $7,200.
Please forgive the lack of formatting and illustration. Heavily distracted right now ;)
Happy New Year. If you;re not swing trading now, you'd better get on at the next dip.
BTC has repeatedly confirmed various levels above the ~$6,500 s If this support and has shown serious bullish strength since breaking above the Mega DownWedge of Summer 2019. So far, Phase E is holding through this DownWedge. If this holds, and this strength continues, the next stop up ($8,000, 8,200, 8,400, or 8,900) will be followed by a big sell off we should all enjoy. If that sell lands at $7,200 or greater, we'll see a bounce back up with another confirmation of the new market support. This will likely spawn an entirely new Bull Rush above $9,000 or even up to $13,000 to match the previous market's high. If the sell to $7,200 fails, expect a very steep run back down to retest $6,500 followed by a lot of volatility between there and $7,200.
Please forgive the lack of formatting and illustration. Heavily distracted right now ;)
Happy New Year. If you;re not swing trading now, you'd better get on at the next dip.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.