BTC move to $12,500 - $13,000 before consolidation downwards
70% over 50 days vs. 98% over 14 days. BTC proves again the most profitable trade is longing the ote 1.05% over shorting the ote 1.05% .
Keeping this simple. BTC is still above the cloud and support at $9.5k. My count suggest this pullback is wave 4/5. One more wave upwards will push us towards $12.5k - $13k.
OBV has pulled back to the 0.382 fib, showing selling is limited and ready to support a move upwards.
Happy trading.
Keeping this simple. BTC is still above the cloud and support at $9.5k. My count suggest this pullback is wave 4/5. One more wave upwards will push us towards $12.5k - $13k.
OBV has pulled back to the 0.382 fib, showing selling is limited and ready to support a move upwards.
Happy trading.
Comment:
16% bounce. Long closed....re-entry on pullback. Hoping for ~10.2...then 13k inc
16% bounce. Long closed....re-entry on pullback. Hoping for ~10.2...then 13k inc
Comment:
Inverse H&S on 4hr RSI. Seems like fractals 1&2 are done in wave 5, and now it's time for impulse fractal 3 to take us out of $10xxx
Inverse H&S on 4hr RSI. Seems like fractals 1&2 are done in wave 5, and now it's time for impulse fractal 3 to take us out of $10xxx
Comment:
Using wave 3 as a reference (~$8k to ~$11.7k) -if we apply fib-based price range to wave 5, we are destined for ~$13-$13.5k, where a strong supply area is located. The breakup of a rising wedge will hibernate a lot of bears, making a fairly quick move
BB support and horizontal support. Perfect area for bounce!