BTC (Y20.P3.E13).v2.Macro.Next stage
Updated
Hi All,
If you have been following me, you would know I have been bullish.
I did state in previous posts, to eat red because knowing where the last good entry would be difficult and here is why.
It also came to my attention, from a Youtube'r that we can potentially have a Shark Harmonic a few days ago, as one of the scenarios and it looks like to be confirmed, too early to say at this point in time.
What does this mean, our pullback wont be deep if there is any.
I have this scenario play out but my gut feeling is, its too obvious and not many will wait for it to touch, they will get in earlier.
Pulling back to 0.382 is more likely than pulling back to 0.5 fib. retracement on this impulse is also possible but less likely.
Lets see how this roles.
Cheers,
S.Sari
PS. For the short time, I have BTC dominance increase as there was\is a bullish div. on the 4 hourly.
The level of resistance in this impulse was likely and\or expected
If you have been following me, you would know I have been bullish.
I did state in previous posts, to eat red because knowing where the last good entry would be difficult and here is why.
It also came to my attention, from a Youtube'r that we can potentially have a Shark Harmonic a few days ago, as one of the scenarios and it looks like to be confirmed, too early to say at this point in time.
What does this mean, our pullback wont be deep if there is any.
I have this scenario play out but my gut feeling is, its too obvious and not many will wait for it to touch, they will get in earlier.
Pulling back to 0.382 is more likely than pulling back to 0.5 fib. retracement on this impulse is also possible but less likely.
Lets see how this roles.
Cheers,
S.Sari
PS. For the short time, I have BTC dominance increase as there was\is a bullish div. on the 4 hourly.
The level of resistance in this impulse was likely and\or expected
Note
Like Tony Vays said, which I agree, until the price stays above the 10 K for a week, then we can be convinced that the bull trend has started. As of now, it followed the path of my previous post in the sense it was to spill over and hit 9200 range. I just didn't think this was the natural path, and it likely it isnt. The market movers had other ideas. This move might get us to retrace to lower levels.Very difficult to know where this will go, just like I mentioned in the previous post, many possibilites.
Order cancelled
All is not lost. Daily is about to close in 15 mins.Still in the channel and a neutral finish. All telling us that there is support at 9450 and hence for now, more sideways movement for BTC. Better options should come from the alts. I noted ADA bounced well, and XLM against BTC.
Phoeix showing a slight recovery in the 3 hr, to indicate bottom pink is a likely support
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This community has signals now but with no risk management comms.
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