Cryptorphic

BTC Followed my prediction 100% accurately what's next?

Long
Cryptorphic Updated   
BITSTAMP:BTCUSD   Bitcoin
Another spot on chart!

I don't generally do nor do I like to brag about my charts, my charts speak more than what I say. I got some hate messages from strangers about this chart, I told them to comment on the post but they didn't.
BTC pumped right away from the 17.6k level as I said earlier.
If you longed on this setup you must be in healthy profit, better to book some now.
Currently it's facing an important level which is the 50D MA.
If we see a candle close above the 50D MA we can expect BTC to continue moving towards the 18.8K LEVEL.
Rejection of this 50D MA could can merely be a retest after the breakout and eventually BTC could plummet to 15.8k level through the multiple resistance levels around 17.7k 17.2k 16.8k 16.3k levels.

We need to watch the 50D MA now which is around 18.1k.
I'll keep this chart updated.

Thanks for your support so far only because of your support I am posting even on this Sunday morning.
Keep supporting, I'll keep you posted as much as I can.
If you haven't followed my yet follow me for more updates and trade setups.


Stay tuned!

Stay safe

#PEACE
Comment:
The previous 4 hour candle closed above the 50D MA. Now we need another candle to close above this level in order to remain bullish on BTC in short term.
Daily close above $18140 and we are ready to launch for 18.8k
Stay tuned
Comment:
Spot on again!
BTC closed above the 50D MA and closed above it with multiple candles of retest.
It rallied all the way to $18625. That's 16.25%+ profit since our entry.
I got many messages from people asking for long and short setups.
Simply watch my charts and the invalidation level too.
This is why I suggest you. to take time, analyse the charts.
Don't FOMO buy or sell anything.
Entry and exit at the right time is very important to be a good trader.
Thank you for reading.
Happy trading

Comment:

This update will be real quick and to the point.
BTC followed the scenario 2 and extended to almost 19.8k making a new high.
The ATH ended up with a wick so far and currently we are seeing a doji candle in formation which is basically a reversal candle.
I am still expecting a correction and scenario 2 is possibly in play.

Invalidation :
1. Break and close above the 19.6k level.
2. Trading inside the blue channel.
If this happens we can see an extended PA almost to 20.3k level.

FOR NOW LET'S WAIT FOR THE DAILY CLOSE.
I WILL KEEP THIS CHART UPDATED.

THE MONTHLY CANDLE CLOSES TONIGHT AND THIS WILL BE A GOOD CLOSE IMHO.

Shoot that like button and share your views in the comment section.

Thanks for reading


#PEACE

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