A. Bart Simpson?
B. Very large Head n Shoulders?
C. Bullish/ Bearish Flag?
D. All of the Above?
E. None of the Above?
What do you see and believe will play out?
* I changed the time frame from a 3 hr to a 12 hr .. I like seeing the bigger picture.
I believe there is some downside to come before we go up to ATH. Will it be minor and tag the 40 sma and bounce up? Will it go deeper down to the 200 sma? I think we all have questions that want answered.
worst case .. 40 k is back in play ..
best case .. ATH at 66k and more.
** i made a few changes to the chart from before.
1. switched to Heikin Ashi bars, It helps im to see the patterns better.
2. I moved the fib retrace to where the move up from the 200 sma started. * this added the potential patter of a large head n shoulders.
3. changed from a 3 hr chart to a 12 hr. Bigger picture is better.
4. added short pull back target to the 40 sma 3% to 5%, and long pull back to the 200 sma, 12% to 18%.
Stay vigilant my friends. A big thank you to all the new subs and support.
B. Very large Head n Shoulders?
C. Bullish/ Bearish Flag?
D. All of the Above?
E. None of the Above?
What do you see and believe will play out?
* I changed the time frame from a 3 hr to a 12 hr .. I like seeing the bigger picture.
I believe there is some downside to come before we go up to ATH. Will it be minor and tag the 40 sma and bounce up? Will it go deeper down to the 200 sma? I think we all have questions that want answered.
worst case .. 40 k is back in play ..
best case .. ATH at 66k and more.
** i made a few changes to the chart from before.
1. switched to Heikin Ashi bars, It helps im to see the patterns better.
2. I moved the fib retrace to where the move up from the 200 sma started. * this added the potential patter of a large head n shoulders.
3. changed from a 3 hr chart to a 12 hr. Bigger picture is better.
4. added short pull back target to the 40 sma 3% to 5%, and long pull back to the 200 sma, 12% to 18%.
Stay vigilant my friends. A big thank you to all the new subs and support.
Comment:
I guess my list was incomplete.
Lets add
F. Blow off top to the possible actions. ... ( a little late I know.)
This movement up is not surprising it has to go up before it goes back down. The whales need to be fed with the FOMO action.
I also forgot about the full moon.. the full moon tends to have an upward push.
InSillico's four season indicator is pretty good if you are interested in such a thing.
Time to move this stop losses up even higher.
Be well my friends.
Lets add
F. Blow off top to the possible actions. ... ( a little late I know.)
This movement up is not surprising it has to go up before it goes back down. The whales need to be fed with the FOMO action.
I also forgot about the full moon.. the full moon tends to have an upward push.
InSillico's four season indicator is pretty good if you are interested in such a thing.
Time to move this stop losses up even higher.
Be well my friends.
Comment:
I am not going to sugar coat it... I did not consider this big of a move with BTC.
I am happy to see it pull most of the alts up today and once it slows down the rest of the alts should seek stable ground. The unfortunate part is with this big of a move with BTC .. it is invalidating a ton of patterns and creating some chaos.
I will have to update the BTC chart with new fibs. Then re-adjust the pull back targets.
I was certainly wrong with what I was seeing. I was pretty bias too that it was going to move down. My apologies. BTC has humbled me once again.
I am happy to see it pull most of the alts up today and once it slows down the rest of the alts should seek stable ground. The unfortunate part is with this big of a move with BTC .. it is invalidating a ton of patterns and creating some chaos.
I will have to update the BTC chart with new fibs. Then re-adjust the pull back targets.
I was certainly wrong with what I was seeing. I was pretty bias too that it was going to move down. My apologies. BTC has humbled me once again.
Comment:
Nothing to much to report. The TA analysis is still on point even with BTC blowing its top.
I am watching this one closely and still believe the TA is accurate.
We do have some events that will effect the price action.
*spring equinox
*btc halving
*unemployment numbers
and the ETF buying frenzy that is on going.
The volatility is wild and that is what we like and need for some serious price action. Take profits when you can.
I am watching this one closely and still believe the TA is accurate.
We do have some events that will effect the price action.
*spring equinox
*btc halving
*unemployment numbers
and the ETF buying frenzy that is on going.
The volatility is wild and that is what we like and need for some serious price action. Take profits when you can.
Comment:
I did make a new chart a few days ago..
BTC, Rockets or 45 again. is the title.
I will be updating that one going forward .
BTC, Rockets or 45 again. is the title.
I will be updating that one going forward .
The good news is that alt coins did even better so I hope you have a plan to secure some profits.
I am holding firm with the down push.
I may have to add some fib levels if BTC still marches up wards before that pull back .
Be patient this is a 12 hr chart. Be well my friends.