BTC is nothing, if not exciting. In this video I go over the Weekly and Daily chart of BTC, and their corresponding Ichi Wave Theory targets; given current Price Structure, as well as potential developing structure.
As always, good luck, have fun, and practice solid risk management.
Just a look at some ascending triangles forming on the BTC chart over the last couple of weeks. It just touched on the bottom trend line again in the past 24 hours, so I'm looking for a bounce up from here to the upper line. If we break below, than the triangles fall apart. Also looking for volume to increase as the lines converge, for a break to the upside....
Given Taxes are pretty much done, I would say that as long as 40400-40800 support zone holds (possible retest of the Triangle-breakout holds,) we going higher. Anything can happen, so be on guard and careful about "going all-in" if you have a day job. My strategy at this point is to take 1/2 of my desired investment dollars and just buy on dips or reasonable...
NIFTY chart on hourly candle is looking range bound for last 20 or so candles. That is immense show of strength. 200 Hours EMA 17255 is holding the NIFTY down proving to be tough resistance and 17135 to 17188 range is showing immense support. Once 17255 is broken and the Nifty sustains above it for one or two hour. Next short term target and resistance will be...
