Crypto_Mercy

BITCOIN BTC - BULLISH SCENARIO

Long
Crypto_Mercy Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
There is 2 things that stop bulls from this rally, the 1st one is the 55 days EMA lime line and by the 2/1 gan fan fib and the 0.5 fib level on a lower time frame which is not major but 3 element that were anticipated and act has resistance for btc. We are in a clear symmetrical triangle, higher lows, lower highs which can be Bullish, BTC might try to test upward but here what Bitcoin must break before.

1-BTC might wait a little to get rid of the 55days EMA to pick him on his side, BTC will try to bring the 55 days EMA under and use it has a support.
2-Break the 2/1 gan fan fib which act has a cutting slice right now.
3-Break the 0.382 fib which coincide with the end roof of the symmetrical triangle
4-Break the 0.236 fib
5-break the 0 fib
6-Possible Bull run to the roof of the bear pattern triangle where BTC will meet the 0.618 fib and the 2/1 gan fan resistance which is will be strong wind coming from the upper Gan Fan.

Possible Bull run for BTC to 4927$, but don't forget we are still in a bear trend, until we breakout higher than this. RSI + EMA shot that the Bulls are having control now.
Trade active:
I see a short move to test the 0.618 fib around 3545.05$.

Thanks for supporting me by donating. CHEERS!
www.tradingview.com/gopro/?share_your_love=Crypto_Mercy

Visit my Website, crypto-mercy.com/

Join me on Youtube at : www.youtube.com/c/CryptoMercyTrading
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.