I think my speculation are like these scenarios.
At the moment i am preferly thinking to looking for long setup, because recent supply is failed to push down bitcorn.
So this recent zone becoming liquidity for demand. it could be wrong.
Don't expect too much, NFA, i'm not an expert haha
Not an elliott expert but i think its likely, in the 4H bitcoin developing the bull flag wich is the correction before continuation of wave 5
BTW, i'm bullish in long term and still believe we are going to 100K and beyond,
Thanks all.
No fancy analysis, no fancy sentence, i just wanna share my bias.
4H:
Below 0.5 is my stoploss and below 0.618 is my invalidation in LTF, gonna look the reaction over there if it fails:
Trade responsibly,
Thanks!
As in this weekly chart we bounce from 1.618 that indicates we can keep going bullish cause we're not seen the top yet, isn't it?
Only time can answer this, thanks!
People is waiting breakout from SMA 200
but 1D chart is stunning!
1. EMA 34 (White) turn into daily support now
2. Price stops at EMA 144 (Cyan) and its about to breakout
3. MACD is going to above 0
4. RSI breakout after struggling below 50
And Put SL at 0.5
Lets driving the rocket
Thanks!
My previous bear pattern has been broken and its developing bull pattern, IMO.
My Conclusion:
1. Volume doesn't seem support bearish bias ((at least now))
2. Orange zone should not be broken to keep the bull pattern valid
Entry = Fib 0.236
TP = Fib 0.618
SL = 30K
If it works 0.618 will be resistance that determine next price movement.
Let see what we get in...
