Bullish on BTC on retest of 61.8% level: LongerTermTarget@16800.
Updated
Started buying in a little earlier at ca. 9888 after the breakout from the upper trend line from my previous analysis and subsequent finding support at the 50 sma.
![BTC [i]low volume[/i] breakout. Will it hold?](https://s3.tradingview.com/y/YXAruOZz_mid.png)
Will buy in more after successful bullish retest again at ca. 61.8% level of the specific fib. level drawn (see previous chart above for more details on this).
Might start feeling more neutral again if it falls below the 50 sma, and bearish again (with ca. 8400 USD target) if it pierces back below the fluoropink trendline (with considerations to volume and RSI as well + looking at the DIFFERENTIAL-FUSIONGAPS oscillator for an update on the price-momentum development, and the DOUBLE-DIFFERENTIAL FUSIONGAPS oscillator on the price acceleration detail).
My much earlier analysis seems to indicate that BTC might drop to as low as 8400USD,
however, everyone is expecting that.
So given that the FUSIONGAPS oscillator confirms that this is currently a bullmarket
Plotted with log(y) axis. Note that for the latest updated version of my FUSIONGAPS oscillator series, the positive/negative axis have since been flipped.
i.e.
+ the fact that everyone else seems to have derived similar price targets and is waiting for that to happen, I believe it is more likely to front run than overshoot -- to deny most people a chance to successfully buy in at the the expected retracement level before the price continues its "overall" macro upward trend. :)
Will buy in more after successful bullish retest again at ca. 61.8% level of the specific fib. level drawn (see previous chart above for more details on this).
Might start feeling more neutral again if it falls below the 50 sma, and bearish again (with ca. 8400 USD target) if it pierces back below the fluoropink trendline (with considerations to volume and RSI as well + looking at the DIFFERENTIAL-FUSIONGAPS oscillator for an update on the price-momentum development, and the DOUBLE-DIFFERENTIAL FUSIONGAPS oscillator on the price acceleration detail).
My much earlier analysis seems to indicate that BTC might drop to as low as 8400USD,
however, everyone is expecting that.
So given that the FUSIONGAPS oscillator confirms that this is currently a bullmarket
Plotted with log(y) axis. Note that for the latest updated version of my FUSIONGAPS oscillator series, the positive/negative axis have since been flipped.
i.e.
+ the fact that everyone else seems to have derived similar price targets and is waiting for that to happen, I believe it is more likely to front run than overshoot -- to deny most people a chance to successfully buy in at the the expected retracement level before the price continues its "overall" macro upward trend. :)
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As usual, not a financial/investment/trading advice. Just my own personal opinion as a noobish small "investor" learning TA and developing my own style and tools along the way as a hobby. :)Comment
Price Momentum and Acceleration oscillators reversal is clear.Comment
[BUY] signal have been triggered on my LIVIDITIUM+AEONDRIFT{EMA} indicator. Time to cost-average in a bit more. :)
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FUSIONGAP 50/15{SMA} Oscillator on 1D chart.Momentum and Acceleration oscillator to cross zeroline from below (indicating bullish reversal) soon.
FG Oscillator expected to cross zeroline from below soon after (i.e. 50/15 DMA Golden Cross on 1D chart).
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BTC have pierced the Ichicloud.Injected more significantly into BTC yesterday after the confirmation of the last green candlestick finding support.
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