we all see different things on the charts and its good to see the perspective of others aswell, I would like to share mine as I get a good shot of dopamine when I get likes but mostly to be part of the community.
A. We have broken the resistance line holding us down since 06 Dec which isint the biggest hurdle.
B. We have a perfect w formation on the 4hrly chart which is a very bullish pattern to appear on the 4hr chart.
C. We are trading in an important range between $48 440 and $49 250, It is crucial to hold this range.
D. We have finally gotten that 4hr close above $49 200 but we really need a daily close above to be o the good side.
Now onto the juicy part....
E. In approximately 1D and 20hrs we will meet the resistance that has held us down since $69 000, This will be the biggest hurdle in my opinion, I will not make a trade based on what I think will happen, It is best to wait for confirmation of either a breakdown or breakout and play accordingly BUTTT the sign are pointing towards a santa clause breakout but this is btc and it always suprises us.
If you like this idea check out PT1 and 2!!!
Have a blessed christmas and stay saucy.
A. We have broken the resistance line holding us down since 06 Dec which isint the biggest hurdle.
B. We have a perfect w formation on the 4hrly chart which is a very bullish pattern to appear on the 4hr chart.
C. We are trading in an important range between $48 440 and $49 250, It is crucial to hold this range.
D. We have finally gotten that 4hr close above $49 200 but we really need a daily close above to be o the good side.
Now onto the juicy part....
E. In approximately 1D and 20hrs we will meet the resistance that has held us down since $69 000, This will be the biggest hurdle in my opinion, I will not make a trade based on what I think will happen, It is best to wait for confirmation of either a breakdown or breakout and play accordingly BUTTT the sign are pointing towards a santa clause breakout but this is btc and it always suprises us.
If you like this idea check out PT1 and 2!!!
Have a blessed christmas and stay saucy.
Comment:
One more thing, we would need substantially more volume when approaching the resistance holding us down since $69 000
Comment:
I was right about the breakout, now expecting a retest of the downward sloping resistance