i hope this chart isn't too messy for everyone to see.
first, we had down TL from ATH that acted as resistance.
2nd, we built a channel around the 150-160 lvl prior topping out at 300, which is the ATH down-TL.
3rd. nov-dec-2023 we built a 3 month down channel just like we did around mid 2022. it failed and took so much effort to close above.
4. tsla failed to...
using measured move, consolidation trendline etc. this looks really bullish for bitcoin next 2 years. maybe revisit to 30k? or 15k? who knows but this is the whole picture. long term prediction.
1 hour chart. look at those parabolic moves, i doubt we'll go down fill those and be able to come right back up. hence we might just rally all the way and then market tops. i wanna see sideway consolidation so the oscillators MA can catch up/reset for us to break ATH and keep going.
just based on fractals btcusd could do this. but this is extreme bullish scenario and current economic data doesn't support this. but who knows, trade with cautious and follow volume.
looking bullish
got back in the channel
above high volume area
possible re-test the mean of the channel/50sma
entry on the next follow thru on good volume
or if consolidate, then entry on the break out
I've no idea when i made this drawing, but is playing out pretty well, let see if we can hold above 458 and have a few small side days, and i will hit it hard on the next breakout. (watching reaction on the 50sma)
we have some bullish divergence on macd crossing up.
RSI looking good
momentum slowing down, perhaps the weekend.
i'm long for now 25% position, entry 42k stop below 40k. Add if we break 45k and hold, take half profit at 49k (1.5-4 risk reward)
will re-enter long if get stop out but would need to re evaluate TA.
could this be the play for $TSLA? Do I have to write a essay in order to publish this idea? I guess thats a yes? lol dunno what to write looking at the chart would explain what i want to show already.
