Hello Dear Traders!
I hope you saw my prediction on BTC yesterday because it was spot on! :)
Now, after confirming the outbreak from the downtrend channel, we will see Bitcoin preparing for its month of accumulation (consolidation)
Moving average 20 crossed the 50 and is now supporting the price. Also par.sar is showing bullish momentum. Yesterday we closed the weekly with a bullish pinbar wich supports the price reversal. We will go to the 11k mark and forming a nice Triangle pattern. Level 7.5k will act as support and we should not see a fall below this point. If so, forget all this :)
The accumulating phase will last until the 9-11 of march before we will see a new 5 wave to the upside.
Thank you and I keep you posted!
I hope you saw my prediction on BTC yesterday because it was spot on! :)
Now, after confirming the outbreak from the downtrend channel, we will see Bitcoin preparing for its month of accumulation (consolidation)
Moving average 20 crossed the 50 and is now supporting the price. Also par.sar is showing bullish momentum. Yesterday we closed the weekly with a bullish pinbar wich supports the price reversal. We will go to the 11k mark and forming a nice Triangle pattern. Level 7.5k will act as support and we should not see a fall below this point. If so, forget all this :)
The accumulating phase will last until the 9-11 of march before we will see a new 5 wave to the upside.
Thank you and I keep you posted!
Comment:
I Am sorry for the poor sound quality :)
