Bitcoin 4 possible targets on wave Z
Updated
Hi everyone,
Bitcoin is on a WXYXZ and we are now on the A wave of the Z, which should reach the bottom of the falling wedge or the descending channel.. to spot to watch for the A are :
27554$ and 25775$. B should climbing back the wedge and hit the Roof again on the B and doors are open for the Z.
Here are some key entry points for the Z :
61.8% fib : 27554$
100% fib : 23024$ (Corresponding with 0.5 fib (Main Wave)
123% fib : 20296$
161.8% fib : 15694$
Please note :
Support
-Daily VWAP is now at 31649$
-Daily MA50 at 29172$
-Weekly MA9 at 28781$
-Weekly MA21 is currently at 19974$
-Weekly EMA Ribbon Zone (23k to 16k)
-Daily EMA Ribbon (33-29k) we are currently in the middle of it
What candles are telling us at the moment :
-4H :
Last confirmed Candle Inverted hammer. Continuation down..
In formation Spinning TOP .... indecision continuation down.
-1D :
Last confirmed Candle GRAVESTONE...big resistance and rejection at 34.8k
In formation Spinning Top with possible close under opening.. Some support presence around 30.8k and some resistance at 32.8k
-1W :
Last Confirmed Candle ...bearish Doji continuation... Big rejection at 34.8k
In formation Inverted Hammer... Some support at 30.8k
-1M
In formation Inverted hammer or GRAVESTONE... very bearish if it confirm... big rejection at 42k
Will close in 5 days.
Current KDJ situation + RSI EMA situation
-4H - very bearish KDJ but reversing a little... Bears are in control and are having the hand
-1D - bearish KDJ, Bulls still in Control but they lost the hand
-1W - bearish KDJ ..slowly going down... Bulls are in control but they are losing the hand
Hope this is giving you a greatr overview.
If you like my work i would really appreciate if you can give me a little donation. CLICK HERE to support me. Thanks so Much and best to you !
If you would like to join me on my new twitter account: https://www.tradingview.com/u/Crypto_Mercy
Bitcoin is on a WXYXZ and we are now on the A wave of the Z, which should reach the bottom of the falling wedge or the descending channel.. to spot to watch for the A are :
27554$ and 25775$. B should climbing back the wedge and hit the Roof again on the B and doors are open for the Z.
Here are some key entry points for the Z :
61.8% fib : 27554$
100% fib : 23024$ (Corresponding with 0.5 fib (Main Wave)
123% fib : 20296$
161.8% fib : 15694$
Please note :
Support
-Daily VWAP is now at 31649$
-Daily MA50 at 29172$
-Weekly MA9 at 28781$
-Weekly MA21 is currently at 19974$
-Weekly EMA Ribbon Zone (23k to 16k)
-Daily EMA Ribbon (33-29k) we are currently in the middle of it
What candles are telling us at the moment :
-4H :
Last confirmed Candle Inverted hammer. Continuation down..
In formation Spinning TOP .... indecision continuation down.
-1D :
Last confirmed Candle GRAVESTONE...big resistance and rejection at 34.8k
In formation Spinning Top with possible close under opening.. Some support presence around 30.8k and some resistance at 32.8k
-1W :
Last Confirmed Candle ...bearish Doji continuation... Big rejection at 34.8k
In formation Inverted Hammer... Some support at 30.8k
-1M
In formation Inverted hammer or GRAVESTONE... very bearish if it confirm... big rejection at 42k
Will close in 5 days.
Current KDJ situation + RSI EMA situation
-4H - very bearish KDJ but reversing a little... Bears are in control and are having the hand
-1D - bearish KDJ, Bulls still in Control but they lost the hand
-1W - bearish KDJ ..slowly going down... Bulls are in control but they are losing the hand
Hope this is giving you a greatr overview.
If you like my work i would really appreciate if you can give me a little donation. CLICK HERE to support me. Thanks so Much and best to you !
If you would like to join me on my new twitter account: https://www.tradingview.com/u/Crypto_Mercy
Note
sorry the link to give me CHEERS is not good.. you can use this one and click CHEERS. fr.tradingview.com/u/Crypto_Mercy/Trade active
Hi, BTC just confirmed a double top on the 30 min chart.Trade active
Short term double top on the 2h 
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