If we ever broke and close below blue line btc will officially lose its momentum, all btc bulls will pray for a proper bounces
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will add 25% more at 9k
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we can also see a blow off bottom up to 7500-8300 with huge buying volume
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on most of altcoins i see a bullish engulfing candles on 4h, just a potential of market reversal, lets see
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so far we gucci :D
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so far btc looks healthy, trade gave us good profits, HODL
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closer look, same arrows.
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people in PM going crazy with this panic
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save this picture, thank me later
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yes we can go to 8k intraday but we will never close below 8k, my final words about btc, just watching the market, got any arguments , PM me.
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20k was just a retest of 2012 uptrend line, we will break it, go to 100k, then retest it as support to around 30-40k, then go higher
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the most bearish scenario for BTC is 8k intraday low with a huge volume spike up to 8k-12k in 1 day, sell targets are fibs.
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curve will still be there on a weekly logscale
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short term will be very intresting, potential 3-4 days of up n down market 10k-11.5k range
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same gartley im looking for days if we still bear, 8800 with instant bounce
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watch this
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wrong pic, here is what we need to look at
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ABCDE triangle very easy to trade
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We breakout as i expected
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read note in red.
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future BTC movements
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correction target hit as expected, now we must be sure we wont close below green line.
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watch out on 4h timeframe, we barely hold trendline
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btc started potential doom market by breaking 10800
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9600-9200 new support
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btc playing with your emonions, nothing more so far, dont SHORT it, only if we close below 9500 on 4h-daily its a short play
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it can form just bigger patterns,but on weekly support is at 7500, if we break this 9500 level im short till 7500
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if we bull im trading sypher pattern, will give you bear scenario aswell
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worst case scenario for me if we bear, 7500 target gartley pattern complete, epect bounce after to 0.618 minimum.
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9600 hit
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9800*, watch daily close now, if we will close below 9600 it will be bearish engulfing on monthly chart, btc is definetely not bullish asa of today, i wanna see reversal confirmation atleast on daily, but will be better to see it on weekly.
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Near who support lines
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this line is also 0.618 retracement, by backtesting hopes of people during BTC corrections they never get what they want
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bounce????!
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scenario i see if bitcoin wanna survive and not enter full capitulation mode to 5k or lower, this lines is the last hold