Looking to capture a long on BTCGBP if we are able to hold the lows, and push up by tomorrow Pending order is in.
Decision point. Possible retest of channel before heading higher. Target 22k GBP (26.3k USD). Or possible fakeout before heading back south. Target 17k GBP (20.4k USD). Which do you think?
4th july 22'. 'Murica!. Seeing this on the daily. Seems pretty textbook to me. Cant really see any indicators that btc, the general markets, or economy, has bottomed yet, so this makes perfect sense to take us to somewhere near the floor over the next couple months. The previous halving macro cycles show that the top to the bottom typically takes about a year....
BTC will bounce from one of Channel support lines. Because very strong support
Last flush out of new retail investors over the next few months?
In this chart I use trend to predict the next movement for BTC
With Symmetrical Triangles they can break either way but I favour to the upside using the "The Triangle Apex" theory as a change in trend! thepatternsite.com
Small presentation on what supply & demand is and how to use volume to anticipate where the market might move. Part 2:
Small presentation on what supply & demand is and how to use volume to anticipate where the market might move.
descending right angle broadening heading to $32000 maybe
BTCGBP: This is a brief overview of BTC price denominated in Pound Sterling, I believe Bitcoin remains in a SUPER bull market, my personal Elliot wave count is marked on wave 5. This means that we currently are in wave 4. My orange dashed trend line is the lowest price bitcoin could retest, although this is statistically low in probability, we must understand...
Another stretch is coming.... What's after the big deep? A bigger deep??
Getting closer to the recovery faze.... are you ready!?
time based fib, and fib level rejection from previous support and trendline, also price imbalence fill before pushing lower.
Bitcoin is seeing higher highs and higher lows indicating that we are not yet in a bear market. i also believe that bitcoin is about to break out hopefully to a new high due to the extremely low prices which many whales are buying at to hold for a long time leading to a reduced supply therefore causing a higher price. however, bitcoin may not break out as in...