Twitch_PnG

Twitch_PnG

Stalled at the 23% fib, but did try to hit the pivot on the 4HR before sellers came in to close in a shooting star formation candle, and below the fib level. Today needs to close above 509USD fib to sustain the reversal with a target of the confluence of the 23% & 38% fib lines from the entire bear market.

Twitch_PnG

I'm starting to think that the bearish sentiment on Reddit and Twitter forums is over blown. Natural rejection and a rest of the 61% retrace from 7240USD is just market cycles within a bigger wave. Bullish bias and buying into people's fear has got to be one of the hardest, but most rewarding trades to do. Let me know your thoughts, but I do see this as a...

Twitch_PnG

Since the flag could not hold, we dropped out the bottom with a clear target of 8200USD 50% retracemet, with possible push to the S1 Daily pivot, where the 61% fib retracement sits. Expecting 7900-8000USD to provide strong support, otherwise a test of the current 7240USD low is on the cards. Thoughts welcome.

Twitch_PnG

We couldn't close higher to make that final push to 9400-9600USD. Back inside the range, but we have found support on the pivot, never closing below it. Now we have made a higher low and continue to squeeze into a tighter range until we break up/out of this pattern. The bull inside me has not died, just because of this bull trap yesterday; indicators are reset...

Twitch_PnG

The correction back up was as quick as it was down. Bulls firmly have control now and are targeting the retest of a linear trendline which stems from 6000USD. I was surprised to see another push lower before the swing, I had 8200USD in mind for strong support on the 50% fib, but we already were showing price divergence on the 15/30 min charts and didnt quite reach...

Twitch_PnG

For the next wave of continuation we should target 9400-9600 before we start to see some real resistance in the market. 9400usd is the 50% fib retrace from the 6000usd low to 11700usd high; expect a battle between bulls & bears around this key area. Right now the 2hr paints a strong bull market, and we have several hours before the end of the daily candle close,...

Twitch_PnG

The swing low had great confluence on the 88% fib % 78% fib on the 4hr and 1D chart. From here I am extremely confident the swing low is in and we breka up for the next wave.