BitcoinLong
BTCUSD - $BTC - Update - bulls, we need you now
Hello traders
Please see my previous related idea on BTC to have a better understanding of my wave counts.
Currently, it looks like we’re going to have a higher close than yesterday’s close, which is a great sign.
We also may have found support at the point of confluence for the highs from 4/13 to 4/18. This is also our 50% retracement, which we were expecting BTC to reach. With the supporting trend line in purple from March of last year in place, it doesn’t look like we’ll see .618 in this wave. In our last idea, we were expecting the RSI to bounce of our trend line to make a higher low for our new trend, which we just got. So things are looking up.
Now, we know for sure BTC will be heading to test the 200 day MA again. Will it be successful? Stay tuned!
If you have found this to be entertaining at the least or if you hated it, feel free to let me know with a like or comment. As always, good luck and stay safe!
Kinashi San
*For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*
Please see my previous related idea on BTC to have a better understanding of my wave counts.
Currently, it looks like we’re going to have a higher close than yesterday’s close, which is a great sign.
We also may have found support at the point of confluence for the highs from 4/13 to 4/18. This is also our 50% retracement, which we were expecting BTC to reach. With the supporting trend line in purple from March of last year in place, it doesn’t look like we’ll see .618 in this wave. In our last idea, we were expecting the RSI to bounce of our trend line to make a higher low for our new trend, which we just got. So things are looking up.
Now, we know for sure BTC will be heading to test the 200 day MA again. Will it be successful? Stay tuned!
If you have found this to be entertaining at the least or if you hated it, feel free to let me know with a like or comment. As always, good luck and stay safe!
Kinashi San
*For pure fun and joy, not financial advice. Not a recommendation to buy sell or hold.*
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