I'm here again today with another TA on BTCUSD
This idea is based of the last update I shared on my last BTCUSD idea (link will be at the bottom if you want to read it)
First of all I must say that this are only patterns, there's always the chance they fail, IF so, I'll be the first one to admit I was wrong, remember guys, learn with your mistakes!
Let's keep it simple, I see Bull Flags, and on the right side of the main (Blue) there is a possible Inverted and to make it even better inside the Right Shoulder there is another (Yellow) here take a closer look:
Targets you may ask? This all looks good we can see that our main (blue) has a 'huge' pole! So the main target for this could be the old resistance at 11.6k that's also a really important level for us!
Remember that along that way to the 11.6k are more resistances like the 9.4k.
I'll make sure to keep you updated the best I can!
This is one of many ideas I've made, you can check my other older Ideas just open my profile and see! I'll also leave my latest TA on DOGEBTC for you to read ;)
This is my own personal opinion! Don't take what I say for granted, this is NOT financial advice. Don't spend what you can't afford to lose, and remember, patience is a key on this Crypto Market! Hold is life!
Trade safe and have a nice day!
MACD 1D Bullish cross
Ichimoku 4H Tenkan>Kijun (bullish), Lagging span>old Price (bullish) Tenkan seems to be acting as support, we are inside a thick cloud which means it’s strong and you see that the top of the cloud is near the 9.4k resistance.
Ichimoku 1D Kijun (acting as resistance) is at 9k, we must break it, in my opinion we will!
Also I'll say this again: I must say that this are only patterns, there's always the chance they fail, IF so, I'll be the first one to admit I was wrong, remember guys, learn with your mistakes!
We should hold there!
MA50 (yellow) is between the 8.5k and 8.2k supports, the MA is also a support.
This scenario is in action for now.
This is the scenario we are looking at for now, I'll not make a new Idea just because my main prediction failed, it happens.. And I know I was wrong because I missed the bigger picture, our 'main' bull flag should be active after this 8k zone bounce (in green) It's just frustrating how bitcoin can't get passed 9k...
We are there
This looks possible but it's a risky call!
Wait for a breakout (8.2k)
Failed to get support, made it's way back to the wedge middle line
Middle line will you be my support?
Newer data so I adjusted the wedge lines, this is bad for btc....
Reading it all and dropping a like would be great!
Here's the link (last one had a mistake it's now fixed)
I'll only reconsider it when 8.5k support is broken (if it goes there)
I'm still bullish.