mindandwar

mindandwar

The counter uptrend continues to look good for BTC. If it enters the reaction space above (marked by arrow) - BTC should carry some alts very nicely like YFI with it.

mindandwar

Here's a simplified chart showing only two Pitchforks. I'm expecting the price to trace to center-line of the green pitchfork before moving up/ranging. Price will start to get interesting around 45.5k. I'll update as price moves forward.

mindandwar

If BTC break the resistance (dashed pink line) -- it could use that as support for a bullish outlook. If BTC rejects that line - it'll be interesting what support level it uses before making another attempt to re-test.

mindandwar

BTC may have reversed to the upside making a higher low.

mindandwar

If BTC tests the major low (29k) line trajectory (thick red line) - it puts the price in the mid to high 30s depending on when the price approaches that area.

mindandwar

Summary: 1. Price broke through 0.382 Fib line of the pitchfork which was acting as tough resistance. 2. The same line (labeled Multi Pivot Line) is acting as support. 3. Price has 80% probability of reaching the next median line in the Pitchfork; however, it's facing resistance marked by the yellow line.

mindandwar

BTC seems relatively strong after a pull-back. This chart suggests a path to 58k.

mindandwar

Chart Time Frame: Daily Purpose: Crypto Market Cap Projection Summary: If current trend is respected, the total market cap may increase by 23% with a projected date of October 14, 2021.

mindandwar

Summary: 1. The downtrend of the primary pitchfork is valid. 2. The current downward reversal occurred at the extended or danger line of the pitchfork. 3. Fib trend, Fib retracement and fib time zone point to a potential reversal marked by smiley in the green rectangle.

mindandwar

This chart projects the reversal point for BTC to the upside. Tools used: 1. Fib Retracement 2. Fib Extension Strategies: 1. Price Action Theory

mindandwar

This is the BTC/USDT 45 minute chart. It seems like BTC has reversed course from the downtrend. It appears BTC is following a modified Shiff channel with an equal overthrow and underthrow. Money Flow Index is trending up. On Balance Volume is middle of channel suggesting accumulation will commence or perhaps BTC is still in a downtrend but a weak downtrend.

mindandwar

BTC Retrace to Create Lower High. It should break downwards to form a higher low in the next 2-3 candles on the 45M chart.