Just reclaimed POC resistance level and SR flips it as support. If next 1D candles close above this POC + weekly support, my targets are higher.
Good support region holds well. Middle of this channel has nice confluences for take profits here.
Alts market starting look fine... BTC probably will go higher, level of resistance which I aware of is 57k. DYDX has probably double bottom pattern, breaking this channel can lead us to POC where was the most volume. Reclaiming of this POC can lead us to monthly resistance (around 10.1.2022 via Fib Time) on the top of actual volume range.
Bullish scenario of breakout from triangle... Easy invalidation (1D candle closing below monthly level). Lets see :)
I see 5 confluences of big support in this 54k zone - VAL, daily, naked poc, 0.5 fib, extended abc 1.618.
Cup and handle formation. Good support on POC. Invalidation if closing below weekly level. Target is upper weekly level (= +- meassure of pattern)
Blok is around very good support - golden pocket zone with nice daily level of confluence. If this holds are you ready for next wave? This will be legendary!
Pretty nice support here. Golden pocket + value area of low (VAL) from all the volume profile. I am awaiting really massive profit on this paper trade :)
Just idea... Lets see how naked weekly POC will hold...
Look at this structure on log scale. Isn´t this beautiful? We have triangle pattern and 1:1 target is around 150 dollars. If this daily level holds as support and we break weekly level, this move upside is possible. I am in, pray for me :)