Finally, we have got 2d candle closed at 12500, If you don't know what this means then let me tell you:
BITCOIN TOOK OVER THE 2ND BLUE RESISTANCE LINE
During the past weeks i was focused on 2 things: there is no daily close below 10k to resume the uptrend and this stood intact as well as to get 2d candle close above 12k level and we GOT IT!... because you can see clearly this blue resistance line respected 3 times touch 2d candle close before bitcoin breach it and close 2d candle above it. (check the old 2d chart below)
What to expect:
We just broke out of with daily close. a retest of 12/12500 area is very possible now with 2-3 days sideways move will be enough to gather strength needed to shoot upside
Please understand that sharing my views doesn't stand as buy/sell signals. I am long term holder in a day trader style and i still have my ( 25x ) long position open since 3500 and added on the way up at 4900 and 7900
If sharing my views help, kindly let me know and don’t hesitate to show that. Leave a follow, give thumb up, your opinions are welcomed in comments as well.
Watch out! We got the Breakout!
4HR hidden bull DIV completed! Bear Trap triggered below 10k
Again! Get In The Train. 19k Next Month
Get in the train and ignore your fear, ATH in 1-2 month
When i published this idea ( Bitcoin free fly incoming! ) before we drop from 13k level, I did explain its still incoming and retrace to 12k level is very possible and we did retraced below it as well as i said we should wait 2-3 sideway moves before shooting upside
So the idea still in process and so early to judge when dealing with 2d time frame even if we got closed below 11500 in lower timeframes but we did reverse very nice after we spotted divergences just in time before it complete and we did share with you!
I really wonder some people who asking for updates privately or in comments without even pressing like to the idea!!!
Another thing i would like to point out, look to the trend line:
Although we got lower price but in my opinion it doesn't invalidate anything yet, divergences on lower time frames most of times are complex but its a clear sign that reversal is coming.
So if we look to the daily, we can adjust the trendline and today candle close will tell us if its still valid. The pattern will turn to be a large pennant more than a triangle and both of them most of times are bullish when formed in uptrend.
The fractals on daily rsi&macd are almost completed so yea today should be the day to make it or break it. daily close below 10300 going to be very bad.