Long

BTCUSD Pivot Point - Internal Fib Patterns 9/29

By Mikelikescrypto

Updated

BTCUSD Internal Fib Patterns... 1 Hour 6/8

Looking for a bounce here to end the bleed. Targets are 7.5 and 6.6k
Long targets are 11.3k need to get to 12.3k for a confirmed bull.
A stop at 11.3k would mean 5750 targets.

Note

Resistance to trend in force - mid 192 day cycle (96 day) ... Gann square of time, 1.5 Fib of 3k to 13k wave... and Gann square of time of the entire history of bitcoin: (1/4 square) oct 3rd... Lots of resistance to the bearish trend.

BLX Bitcoin Liquid Index USD Logarithmic Gann Box. 3/29

Note

Need to bounce up here, otherwise lower targets might hit.

Note

Hourly is looking good, ready to break.

Note

4 Hour looking okay, we need this break up to test 9k. a move down would be bad.

Note

The 12 Hour and Daily, a break on the 12, and support on the daily, could easily blast through 11.3k and reenter bull mode dispelling any bearish doubts on the next run.

Note

Trade closed: target reached

Internal Fib pattern 1 has reached target of 50.

Trade closed: target reached

Note

The vertical colored bard mark each X day cycle: 7 10 14 20 21 28 30 60 90 120 135 180 225 270 300 315 360 day cycles, while the different levels of the keltner channels mark the 24 48 96 and 192 day cycles... the bottom to 14k peak was a 192 day cycle. we're approaching the 360 day cycle about to reach the dec 15th pivot (by dec 10th) it's a major square of time in GANN. while we're 41 days from the 192 cycle from the 14k peak.
I would expect a reversal very soon.

Note

Mikelikescrypto

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.