Please hit the like bottom at the bottom right corner and hit the follow button for more charts and updates.
I have been eyeing this alternate Bitcoin fractal from the 2017 Bull Market compared to the current action. After bottoming at the 1D Bollinger Bottom Band at $50-49Ks we can expect Bitcoin to run up to the 1D Bollinger Midband/Resistance at $56-57 and fail then chop its way down in sideways to finally put a last sell off down to the optimal long-term buy/long area located in few weeks around the 1W Bollinger Midband or 21WEMA at either: $45,000-44,000s $42,000-41,000s
Place your orders there and chill out.
1D Bitcoin Short-term Chart:
Best of luck and happy trading! Carl M.
Previous short-term Bitcoin successful calls:
Trade closed: stop reached
⋅
Buy/Long HIT at $50-49Ks Sell/Short HIT at $56-57Ks (stop positioned) STOP was hit with that spike to 59K
Time will tell if we are about to break up past the ATH at 61.5-62K or see more sideways for few weeks on BTC giving ALTS time to surge again. Nothing other than good news has been flowing in for Bitcoin and Ethereum in the past few days. So the likeliness of seeing $45-44Ks and $42-41Ks is dwindling a bit. If we do not hit the 40Ks by April 16 then consider that buy level VOID.