BTC on a possible 1 to 4 candle reveresal on the Daily Candle
Possible Moves
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a)
BTC hit a TD counter 9 on the Daily candle .
A 9 on a TD counter may indicate a possible 1 to 4 candle count downwards before the asset moves back upwards.
As these are Daily candles there can be a possible 1 to 4 day move downwards and then BTC will continue upwards.
b) Another alternative move is BTC is able to move past the resistance at 12500 and move past the previous highs at 13995 and 13185.
If this plays out then BTC can move to 14700
What do i think ? Id expect at the minimum BTC can move to the 11K area before moving higher,
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a)
BTC hit a TD counter 9 on the Daily candle .
A 9 on a TD counter may indicate a possible 1 to 4 candle count downwards before the asset moves back upwards.
As these are Daily candles there can be a possible 1 to 4 day move downwards and then BTC will continue upwards.
b) Another alternative move is BTC is able to move past the resistance at 12500 and move past the previous highs at 13995 and 13185.
If this plays out then BTC can move to 14700
What do i think ? Id expect at the minimum BTC can move to the 11K area before moving higher,
Comment:
Id expect a minimum drop to the 11100 area-
Comment:
or even better a move to the 109xx / 104xx area which would hit the . 618 Fib and make for a healthy bounce upwards,
Comment:
looking at this graph im convinced this is a breakdown to the 10700/10300 area
Comment:
This is also looking like a symmetrical triangle breakdown
