65K finally broke guys!!!!
we might fall to these levels so keep an eye out:
62,250
60,250
53k ( i don't think this will be touched)
the targets to the up side is totally unknown, I can give you fib line numbers but there not as powerful as the numbers I'm giving you here so i will update you right when i get the info below in the comments.
stay safe wicks are always possible
goodluck
we might fall to these levels so keep an eye out:
62,250
60,250
53k ( i don't think this will be touched)
the targets to the up side is totally unknown, I can give you fib line numbers but there not as powerful as the numbers I'm giving you here so i will update you right when i get the info below in the comments.
stay safe wicks are always possible
goodluck
Note
all targets hit but it didnt move in the time frame we wanted
weekly closed under 65k again and that isnt good
if any of you are stuck in a long get out at 65k once hit, get out and wait for a weekly close back above 65k for a better entry
Note
im comparing this play with when BTC was at 12k look at my past btc charts for a refresher
65k is a good long exit just to be safe....
46k-48k is a great buy back (if this level breaks we will lose our higher highs and short to mid term wont be good)
with crypto anything is possible so i have to mention the strongest BTC was ever @ 34k
Note
for that refresher of BTC at 12k check out the related idea down belowNote
first buy back hit @ 46k-48kNote
btc has to close the weekly above 65k to stay bullish!! don't get your hopes up for anything until thenNote
(original chart)
we are in an obvious short to mid term downtrend, 46k is the second strongest btc was ever at....... it wont be easy to break it but if it does well see the strongest level btc was ever @ 30k-34k
Note
(simplified chart)
i don't like saying this but BTC dominance isnt falling..... its literally about to die eth is killing it. we can tell that we hit the ichi cloud + the red resistance line and fell strait down to confirm resistance. the only support line we can pray to save btc is 46k.
I would wait for the weekly to confirm where were going.
if the weekly closes under 46k, that means gg were about to die or bear trap.
if its a bear trap the buy back will be fast and strong.... if its not then well wake up to 34k
if we close around 46k - 48k there's a high change btc will stay around these levels till it makes a dissention
only time will tell. BTC dominance isnt too hot so be safe
Note
what a save 46k!!! lets see if this channel can finally break
Note
65k here we come (:
Note
scenario 1:
the ichi cloud + TD 9 + bottom of channel will protect it and bring the price back into the main channel above (46k-65k)
bottom of channel is 46k - 48k
and that would mean we head back to 65k
Note
scenario 2:
we go back to 46k-48k and confirm resistance, mess around from 40k to 48k and at some point break it to fall back to the strongest level BTC ever had = 30k-34k
BTC'S STRONGEST LEVEL IS 34K!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.