In the last days i had no time to update. I was short with target 9800-9500 (the blue rectangle you can see in my old charts). At this point i have 2 possible scenarios:
1) As you can see, btc spiked to the level 0.883 of fibonacci, a level that i used in past and it works. At the same point we have a strong dynamic support. We had a very strong buy back, so i think that bulls are strong at this level (9800 area).
I am long from 9600, but i think a long is still possible from the actual level (hard to say if we will have a little pullback before going up).
My targets are:
- 10600-10800: in this area we have a lot of stuff and i think is an area of high interest: median line of bollinger bands + MA50 + MA100 + top of Ichimoku cloud + Ichimoku conversion line + level 0.5 of fibonacci. So as you can see, here we have a lot of stuff
-11200-11400: an old area of interest (worked as support and resistance) + level 0.705 of fibonacci that worked a lot of time as target for extensions and retracements + the dashed trendline that worked as the top of the big channel.
- 14000: at the moment is an hopium target. Obviusly btc won't reaches 14000 with a single run, we will have a lot of pullback, but here i see some stuff: old top + level 1.618 of fibonacci + blue trendline that worked as dynamyc resistance. But as i said this is HOPIUM for now, because first of all btc has to break more important levels.
SECOND SCENARIO:
This scenario has low probabilty, but for a complete analysys i have to analyze everything. What i see here? A drop inside the red rectangle to burn some longs. If btc will drop in the rectangle, a lot of people will short with 7500 as target. At this point i think that there will be a pump and the shorters will be rekted and then we will have uptrend.
Comment:
Comment:
