BTC: Sideways Between 23K and 25K or Breakout to 28K
Hi Everyone! As pointed out in the video; we still have upward pressure the remainder of the current Weekly candle and potentially most all of the next Weekly Candle. With that amount of "time" of upward pressure remaining; there is a decent chance to breakout above $25k to proximity of $28K.
If we go sideways, I would anticipate the price action to "range sideways" between the red and yellow diagonal trend lines in the 8-hour chart below. If we can manage to breakout above the yellow diagonal trend line; this means we have broken out above $25K and our next target would be the White Diagonal Trend line within proximity of $28K.
Here is the short term group:
Near Term Group:
Mid Term Group:
Here is the previous "private" publication that I accidentally posted "private."
By the way, please take a moment of your time to click the "rocket" icon at the bottom right to push this idea up in the que of "crypto trading ideas." Appreciate it... My "private" video will not be shown "publicly" at all. Therefore, the amount of "rocket boosts" you give does not push this idea in the que anywhere.
Happy Trading and Stay Awesome!
David
BTC: We Still Have Substantial Amount of TIME of Upward Pressure
If we go sideways, I would anticipate the price action to "range sideways" between the red and yellow diagonal trend lines in the 8-hour chart below. If we can manage to breakout above the yellow diagonal trend line; this means we have broken out above $25K and our next target would be the White Diagonal Trend line within proximity of $28K.
Here is the short term group:
Near Term Group:
Mid Term Group:
Here is the previous "private" publication that I accidentally posted "private."
By the way, please take a moment of your time to click the "rocket" icon at the bottom right to push this idea up in the que of "crypto trading ideas." Appreciate it... My "private" video will not be shown "publicly" at all. Therefore, the amount of "rocket boosts" you give does not push this idea in the que anywhere.
Happy Trading and Stay Awesome!
David
BTC: We Still Have Substantial Amount of TIME of Upward Pressure
Comment:
Comment:
UPDATE:
If we are in a "Descending Wedge Accumulation Schematic," this is what it looks like:
However, we need to find support on the diagonal green channel in order for it to be considered a "Back-Up/Last Point of Support" in Phase D of Accumulation. We need more "time" for this to play out in order to make that determination.
If we are in a "Descending Wedge Accumulation Schematic," this is what it looks like:
However, we need to find support on the diagonal green channel in order for it to be considered a "Back-Up/Last Point of Support" in Phase D of Accumulation. We need more "time" for this to play out in order to make that determination.
