Final shakeout before the BTC halving

Bitcoin / DollarBitfinex

Description

⋅ Feb 7, 2020 8:34 AM

All indicators line up, let me know your thoughts. If BTC/USD breaks the resistance during the fifth wave we will have another story.

⋅ Feb 14, 2020 10:11 AM

We went a little bit higher than expected, but this setup is still very likely to unfold.

Comments

qsix

⋅ Feb 8, 2020 11:05 AM

It looks reasonable to me. Volume suggests it wont break this resistance. Getting back to 7k seems most likely thing.

deliciouspodo

⋅ Feb 7, 2020 2:15 PM

Very well drawn. Stop hunt to 10500 is on the cards though

Nilles

⋅ Feb 7, 2020 2:20 PM

@deliciouspodo, Thanks, i agree. Although the possible stop hunt will most likely be a wick instead of a body, just like last time (left shoulder).

Cryptalion

⋅ Feb 7, 2020 10:11 AM

Looks very probably👌 here's my

yiggyTHEpiggy

⋅ Feb 7, 2020 8:38 AM

I totally agree. So many tradelines and indicators are pointing to the south. Let's wait and see..

stibo

⋅ Feb 14, 2020 10:18 AM

I thinks its possible that the correction is already over.

Nilles

⋅ Feb 14, 2020 10:32 AM

@stibo, thanks for sharing. I always try to look at the higher timeframes. The 1H can look bullish while the 4H, 1D, 1W can look bearish ;-).

bavoire

⋅ Feb 10, 2020 1:02 PM

when under 9400 area this process could start, when not expect another legup to the 11K area.