BitcoinLong
BITCOIN - Bullish Recovery From Whipsawing Correction
BTC
Lots of lower wicks in this area since the retracement Golden Window (0.618-0.786) whipsawing bounce from the third wave completion.
This is a sign of strength.
Also notice how the candle bodies beyond the whipsawing hammer candle hold the price range well and there are no dips.
This is another sign of strength.
Looking good to continue on up.
From here we'll be looking to see if the impulse trend resumes or extended correction.
But overall this is a bullish look 🧐.
Not advice
Lots of lower wicks in this area since the retracement Golden Window (0.618-0.786) whipsawing bounce from the third wave completion.
This is a sign of strength.
Also notice how the candle bodies beyond the whipsawing hammer candle hold the price range well and there are no dips.
This is another sign of strength.
Looking good to continue on up.
From here we'll be looking to see if the impulse trend resumes or extended correction.
But overall this is a bullish look 🧐.
Not advice
Note
Update coming soon... 🧐Note
And so the correction did extend a little, but no further Y axis discovery. The final slump mad a higher low.
From there we've had a very nice bounce.
So that completes a whipsawing 3 wave correction.
If you bought some choice altcoins / crypto stocks in that area you're doing great now 👍.
In higher time frame Bitcoin still hasn't full broken out so there may be some working out to do, but its looking good here.
This area also looks like bullish Pattern Separation is printing and I may post that in another thread 🧐.
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I'm taking a break from TradingView👋🏻.
But offering 20% discount to join my group 👍🏻
Lots of content every day with regular videos, 1:1 and chatroom 🚀.
Telegram Group: $40 for first month in January (then $50)✨.
Contact: t.me/dRends35
But offering 20% discount to join my group 👍🏻
Lots of content every day with regular videos, 1:1 and chatroom 🚀.
Telegram Group: $40 for first month in January (then $50)✨.
Contact: t.me/dRends35
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