BTC 🔵 or 🔴 ?

16 Şub 2023

Roses are red, violets are blue. Bitcoin pumping⛽ but currently being below trendline resistance. I have 2 bullish scenarios in my head how we could get to the target. Blue🔵 or red🔴? We could hit the target in few weeks anyway. Target being projection of the previous range 100%-0%, it's just measured move added to the range high (100% @ 21480). Simple yet powerful technique. See the REKTanglez😁 on pic below, and it should be clear.


PS: Hover over the BIZ circle and you will find a treasure!

Check my other stuff in related ideas.

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.

16 Şub 2023

Not

Are we going to test these rising wedge edges? Currently @ 26100-26500.

16 Şub 2023

Not

Price still attracted by that macro Uptrendline:


Closer look:

16 Şub 2023

Not

The last 2 charts above with cyan macro uptrendline are log scale.

👇 Major Downtrendline (also log scale) broken and backtested. Sent the price up making higher high:

17 Şub 2023

Not

Seems like BTC is going the blue way. Rejected by the yellow uptrendline resistance and now testing the support level @ 23450. Bounce up? Break down could mean drop to the channel lower edge + cyan downtrendline confluence

17 Şub 2023

Not

Check the pic down below for lilttle update:

18 Şub 2023

Not

It's going quicker than expected but BTC is following the blue path precisely. Check the updated chart with details down below. Are we ready to the ride up to the 25537 resistance?

19 Şub 2023

Not

Update:

19 Şub 2023

Not

Another bullish argument👇