Jocoin

Wow almost 11200 again in few hrs as i said and nice jump

Long
Jocoin Updated   
BITSTAMP:BTCUSD   Bitcoin
Original chart:
Comment:
Trade active:
10800 reached and we got higher low, as we expected, btc gathering strength the next days. we got 1 hr hidden bull div supporting it see below
Comment:
4HR hidden bull DIV completed! Bear Trap triggered below 10k

We got daily close 10750 then 2d close 10500 showing btc strong above 10k level but after btc went below 10k level again we should wait for the next daily candle close but we are still bullish because indicators now went very low and gave chance to form 4hr hidden bull div we were waiting for the last couple of days which is now very clear on rsi and macd
Comment:
What a bear trap!! We did call for it guys, Btc reach 9600 area but daily candle close is above 10800 again!
Since we hit 13900 in Jun 26 we expected to consolidate for about a week between 10500 and 11500 level with daily close above 10k level and we got that, during this week the lowest daily close was 10600.

And we said many times 10k level should not be broken with daily close and so far this stand strong beside 4HR hidden bull div completed we can officially say now consolidation has ended and BTC is ready to resume uptrend.
Trade active:
This was a perfect matching for 2d close 10500 forming wave 2 in general wave 3 according to my waves in this post, now expect btc to take down the 2nd BLUE resistance line in next days and once it close 2d candle above 12k area, I am telling you guys BTC WILL FLY
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.