BTC STILL IN PARABOLIC RUN?
Updated
#BTC has been putting in massive gains in q1 of 2021. Will this trend continue? a daily close under 55105 will break us out of this current #parabolic run and possibly confirm a retest of the 0.5 #fib extension at about 45530. if that level holds, and bounces, then I would look at it as another long term #BTFD situation. But, I do consider that level already retested in the month of February, and it has since bounced and put in higher highs and higher lows. With the trend still in motion, I do consider our current dip as another long term buying opportunity.
THINGS TO WATCH FOR:
A BREAK UP AND 4HR OPEN AND CLOSE ABOVE 58950. (BULLISH TO ABOUT 62265)
A BREAK UP ABOVE AND A DAILY CLOSE ABOVE 62265. (BULLISH TO 82960-116400)
A BREAK ABOVE 116400 WITH A WEEKLY CLOSE ABOVE. (EXTREMELY MEGA BULL MODE INITIATE, POTENTIAL 300K+)
A BREAK DOWN AND 4HR OPEN AND CLOSE BELOW 51105 (SHORT TERM BEARISH DOWN TO 45530)
ANY 1HR OR GREATER TIME FRAME CLOSE BELOW 28795 (EXTREMELY BEARISH, WORST CASE SCENARIO)
THINGS TO WATCH FOR:
A BREAK UP AND 4HR OPEN AND CLOSE ABOVE 58950. (BULLISH TO ABOUT 62265)
A BREAK UP ABOVE AND A DAILY CLOSE ABOVE 62265. (BULLISH TO 82960-116400)
A BREAK ABOVE 116400 WITH A WEEKLY CLOSE ABOVE. (EXTREMELY MEGA BULL MODE INITIATE, POTENTIAL 300K+)
A BREAK DOWN AND 4HR OPEN AND CLOSE BELOW 51105 (SHORT TERM BEARISH DOWN TO 45530)
ANY 1HR OR GREATER TIME FRAME CLOSE BELOW 28795 (EXTREMELY BEARISH, WORST CASE SCENARIO)
Note
PARDON MY FRENCH
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