Hello friends, let me start this by wishing us happy new year.
What to expect in this new year?? I have strong believe in BULL this year.
This idea look towards the trendline action which have been acting firmly as a support ever since January 2015.
Apart from January 2015, we had another test on the trendline in August 2015 and result into massive bounce which kick start market BULLRUN.
The other test on the trendline happened in Feburary 2019 which result into massive pull back.
Presently price is at the trendline again and its already forming some Bullish reversal pattern.
Finger crossed and see how this will develop but I believe it will result into good bounce with 12k in view and more.
Best entry range for this setup is within 6855$-6400$ with a Long swing in mind.
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Sharing same view on 3days timeframe chart.
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Hello guys,
I believe this is the possible pattern we will likely have during this oncoming Bull move.
Let focus more on this look very much likely.
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We have price forming potential SHS whcih if break the neckline will take price directly to our proposed entry range.
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This idea was posted last year december 5th, price went straight down to test out our accumulation zone and since then fly back up. I expect this test one more time.
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Clear picture of SHS formation which already triggered after the break of 7150$
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At the moment we seems to have completed a wave length on small timeframe, which mean BTC may go for little retracement towards 7355-7400 zone before next big leg down.
We should also take note as BTC may tend to go down without retracement.
Our target remain same as 6k5-6k4
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Update on major Altcoins
Strong market view expressed on Binance Coin
Detailed Ethereum possibilities are expressed here
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BTC breaking down gradually,
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Price got rejected immediately on our first long entry zone.
Very nice work Weslad so simple and to the point. I went back a little and read some of your older posts and I see consistency and long vision and sense.
weslad
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@Queen_B, Thank you so much, I so much appreciate this great comment.