jBoomYa

jBoomYa

This is my best case scenario prediction for BTC ;-)

jBoomYa

This right here is the key.

jBoomYa

I wanted to put the Trump narrative of the "Greatest economy in the history of our country" to rest. The fact is that the volatility in the markets we've experienced throughout the Trump years was unprecedented. The reasons for this can be debated. But the facts are the facts.

jBoomYa

This may seem impossible... but we all shall see!

jBoomYa

Things don't look as bleak as some would have you believe.

jBoomYa

If we loose the critical support shown in orange on the chart... things may get ugly.

jBoomYa

This is one possibility! Just sayin...

jBoomYa

Just a thought...

jBoomYa

The chart speaks for itself...

jBoomYa

This is what I see at the moment...

jBoomYa Updated 

Just an observation...

jBoomYa

BTC is still working within a bull flag formation. Let's see how this unfolds as the week progresses.

jBoomYa

In my previous post I illustrated the worst case scenario for BTC in the short term heading back down to test the top of the massive descending wedge to confirm as support. This is another possibility... though only time will tell!

jBoomYa

This is worst case scenario in my opinion... though it would be a healthy set-up to move up.

jBoomYa Updated 

BTC is approaching a confluence of (3) major trendlines which have been recently provided good support. The dark red trendline is a major historical support/resistance line. If we bounce hear I would see that as very bullish. If we fail things could get very ugly.

jBoomYa

BTC broke out above the center-line of the massive months long descending wedge and has re-established it as support forming a bullish descending triangle above it.

jBoomYa Updated 

Just one potential future...

jBoomYa

Very similar to BTC... though closer to a breakout of the massive descending wedge...