Long

BTC and the battle of 16,700

Updated

Last cycle bottom was marked by a 50sma 100sma cross.

This time possibly a 50sma crossing the 100sma and then the 150sma to mark bottom, which has recently occurred.

Confluence in the horizontal support area with a rising non horizontal support trend line.

Do your own DD

Come to your own conclusions.

NFA

GL

Comment!

Note

slope on the MA's looks like they are leveling out and preparing for incline.
Zoom Zoom.

Note

Added this chart to highlight the end of a rsi trend as well on the weekly. look at the two areas on the rsi circled with red elipses

Note

Also wanted to add these trend prospectives.
Not the nicest looking bull blag formation, but it has a lot of the characteristics.

Note

Trade closed: target reached

Closed

Note

Want to update the continuation for the sake of sharing.
Mid Term targets relative to the timeframe in Blue

Note

1 Hour Chart Quick Update. Will post the overview chart for this soon.

Note

Back to the monthly. We are targeting the higher resistance it appears. RSI on monthly is still near neutral.

Note

On the daily, BTC is nearing a crossroad.

This is a decision area for the token.

Note

Fib circles made on a close 45 degree angle.
Price action is hitting a strong rising support.
Bullish Macro Target above.
Bearish continuation targets Below.
NFA

Note

I am very curious to see what happens here. I am neutral.

BTC falling onto support on the weekly chart.

Note

From the close up 30 minute perspective.

Note

Here is the 4 hour update.

Rsi is high and turning downward.

Note

I would ignore the RSI here.

Looks like btc has a macro trend to test above.

lines up with the 1.618

Note

One last pullback before the true bull run commences. To the top of the profile!

Note

"w" u tang is for the children

Note

heres my bearish case at this point in the weekly. three scenarios in the event that there is not enough momentum to break this resistance we are meeting.

BallsOfSteel32

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.