Hello all!๐๐ Thanks for joining here today๐๐, as we climb into ๐this technical approach analysis
๐ฏ๐ฏ๐ฏNOTE๐ฏ๐ฏ๐ฏ
Likely to continue to bounce around and contract tighter before we see impulse waveโโ๐
This is just my current view, simply explained.๐๐๐
BTC has made us huge gains๐ช๐ฒ in the past couple weeks as we soared๐ฑโ๐ to ~52k.5๏ธโฃ2๏ธโฃ
Now we seem to be creating a bearish pennant๐ปโถ (could turn bull๐ฎ but I am leaning towards bearish๐ป)๐
We started to dump, and if we continue this dump (very possible๐,) I would expect to see us hit 30 percent fib retracement of our most recent impulse move that lead us to 52k. (See yellow ๐จ line โ on chart๐)
If we can do as mentioned above, we can also make room for more highs in the near future.๐๐๐
I am expecting a dump and pump situation.โฐโ๐จโ๐
Other situation (Daily view)
Bullish cross! 50 and 200 day MA..
We will either get rejected from this cross or it will cross bullish and we continue up. This is a critical moment.
Always remember๐ต๏ธโโ๏ธ
๐๐๐This is not financial advice๐๐๐ Above are approximate targets based on fibs, major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss โ๐๐ฒ set
Any thoughts ๐ญ๐ก, questions ๐โโ๏ธ๐โโ๏ธโ, good ๐, bad๐, happy ๐ or sad ๐ฅ, in the comments always welcome.
Thank you so much
Jazerbay
I would love to hear your thoughts, let me know how you view the current situation! ๐
๐ฏ๐ฏ๐ฏNOTE๐ฏ๐ฏ๐ฏ
Likely to continue to bounce around and contract tighter before we see impulse waveโโ๐
This is just my current view, simply explained.๐๐๐
BTC has made us huge gains๐ช๐ฒ in the past couple weeks as we soared๐ฑโ๐ to ~52k.5๏ธโฃ2๏ธโฃ
Now we seem to be creating a bearish pennant๐ปโถ (could turn bull๐ฎ but I am leaning towards bearish๐ป)๐
We started to dump, and if we continue this dump (very possible๐,) I would expect to see us hit 30 percent fib retracement of our most recent impulse move that lead us to 52k. (See yellow ๐จ line โ on chart๐)
If we can do as mentioned above, we can also make room for more highs in the near future.๐๐๐
I am expecting a dump and pump situation.โฐโ๐จโ๐
Other situation (Daily view)
Bullish cross! 50 and 200 day MA..
We will either get rejected from this cross or it will cross bullish and we continue up. This is a critical moment.
Always remember๐ต๏ธโโ๏ธ
๐๐๐This is not financial advice๐๐๐ Above are approximate targets based on fibs, major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss โ๐๐ฒ set
Any thoughts ๐ญ๐ก, questions ๐โโ๏ธ๐โโ๏ธโ, good ๐, bad๐, happy ๐ or sad ๐ฅ, in the comments always welcome.
Thank you so much
Jazerbay
I would love to hear your thoughts, let me know how you view the current situation! ๐
Thank you so much!
Jazerbay โฏ
(similar to past symmetrical triangle)