Bitcoin (XBTUSD) is likely moving higher now... but why?
On the chart above, take a look at the trend line... This trendline worked as a strong resistance pushing Bitcoins price down multiple times.
After it was broken, Bitcoin challenged the next resistance and came back down to retest the trendline... The trendline held successfully and Bitcoin is now showing...
Alternative to yesterdays bearish scenario, watching for the bounce off 200ma 4h which we got, so now watching for invalidation of bullish run. If we drop below 7450 i will revert to yesterdays bearish chart to watch for validation/invalidations at each wave point
Update to previous chart
behind the circles there’s a gan box the circles are never moved of fitted to price they are sized and positioned by a hidden gann box
Check my previous published chart this is part 2 just copied and pasted next to the left hand one using the No.1 fib circle as the square boundary (hidden gann box) I like patterns like these for good...
Candles : Daily
Wedge Duration : 23 Days
Double coil/pennant breakout shown on BTC (XBT Kraken) Looking for price target of around 9337 resistance level.
Within the month.
LONG live Bitcoin!
ALL lines are support/resistance depending on which side the price is.
If you find this is helpful and valuable to you, donations would be very much appreciated: 1D3NAFf6nmH2QK1nnyNkPg7xH8Y7xxKyzd
ALL lines are support/resistance depending on which side the price is.
If you find this is helpful and valuable to you, donations would be very much appreciated: 1D3NAFf6nmH2QK1nnyNkPg7xH8Y7xxKyzd
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