I see BTC going down to 4500 then reversing, popping out of falling wedge and making it's way up to 12K, blowing right past 10K. Your thoughts?
I'm bulllish after the 9/27 DEMA cros on the daily and this textbook Ascending Broadening Wedge. We've also broken out and hooked on the long -term trend line and are moving up. Although confirmation of a bull trend would need us to reach above the 7800 area, this setup looks like it can take us there.
We are hitting resistance at the 61.8 an will head down to bottom of falling edge only to bounce up to the ichimokou. THen back down and up to test or blow through 10K.
Although we are in a downtrend from the 9/27 cross on the Daily this could be what breaks us out. We seem to be respecting the Ascending Broadening Wedge as depicted here: excellenceassured.com I am bullish with Consensus meeting today and New Moon in Taurus, the sign of the Bull Tomorrow, Tues. May 14th.
Looks like around the FUll Moon Lunar Eclipese on the 31st things will turn around.
I think we’re still in a downward trend but this triangle could squeeze BTC and make it pop out for a possible trend reversal. Elliot wave suggests we will complete the 5th wave in a downward movement to pop off of the $8K-8.5K level. Its a pivitol moment so worth continued dollar cost averaging while BTC is on sale. Let’s grab some more while we can. If we buy...
Blasting of from cup and handle ATH resistance levels!!