VaidoVeek

BITCOIN | Something Is Happening!

Long
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Hi,

Long story short, we have seen quite a good impulse from the ~$32k. Nice and clean waves upwards and today we managed to get a 4H candle close above 40k. It will give us a small sign that at least in this week we might get a short-term bullish move. So, let's try to gain something.

THE PLAN

Firstly, you can catch something from the current prices to 44k. It needs to get a rejection from the current prices 39-40k. IF it falls lower then consider it as a failure and move on! So, definitely use stop-loss if you are willing to try it almost right away.
43-44k is doable but from there I see a bit "deeper" correction. So, if the first scenario will play out, take at least some partial profits from 43 to 44k.

We still haven't seen a Daily candle close above 41k so, we will try to step in a bit sooner but let's see. As said use stop-losses.
If you want to play a bit safer game then wait for a Daily candle close above 41k+ and step in after the retest of 37 to 40k.

Currently, I see it as I have shown on the image, the choice is yours which scenario, which price levels and etc.

Good luck,
Vaido
My Twitter account: https://twitter.com/VaidoVeek

Comments

That completes the wave perfectly.
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Hello How have you been? If any chance, could you update your perspective for this analysis? I am a bit confused if the next target is 44K or 50K? since it tested the bottom first......
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It seems that El Salvador's legal tender news hyped the crowd and changed the tune ....even though it felt like weak hands were shaken out for big players on this correction....wait till confirmation as you wisely say and walk with caution... dont be the plancton of the ocean fellow traders !!
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WOW Perfect Match. Thank you very much. I'm seeing 46k next too of course after retest of 37k. confirming now as of your post :)
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Amazing, like a prophet!
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Spot on as always. I am looking for the alts to follow along and will roll with you on this one!
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MC completed his purchase
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@Pab777, MC? U mean Michael saylor??
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