Long

Updated

BTC Blowtop

BTC finding a nice bounce off the 200 moving average in the middle of the summer lulz all while major stock market indices and gold are at all time highs. Once profit taking initiates from these markets the money flow will enter BTC pushing its prices up in the near final phases of this bull cycle.

Note

Currently hitting resistances in the gann box

Note

1HR

Note

BTC moving through gann box resistance and supports

Note

Distinct wyckoff mound fractal pattern occurs before each cycles bull run. Its the point where BTC builds support above previous resistances coming out of a bear market

Note

Inverted H&S

Note

Currently breaking out above the neckline of inverse H&S

Note

Updated support & resistance gann box

Note

Even though BTC has tracked and followed previous cycle fractal moves as the price becomes higher it smooths what was before blow off tops into squared off wyckoff distribution mounds. This cycles market manipulations and psychology has been around BTC ETFs

Note

Wallstreet along with blackrock wyckoffs the tops now, we can say goodbye to the traditional blow off tops

Note

Bouncing on the Fibs

Note

BTC flipping resistance into support on the 200ma along with major gann box fib lines

Note

holding support on gann fib line

Note

Trade active

CBKWahoo

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.

CBKWahoo