The BTC Project 2019, Phase 01, Edition 03

I'll make this short.

Observation:
Trend is taking the form of parabolic (and hence the pullback will be hard and fast);
Shorts are high and getting higher;
Also the upward wedge form taking place ?
Not to forget to mention divergence appearing, etc.

Some news:
Whale watch also stated that large amounts of BTC being moved from a whale wallet as the transaction was completed in 38 drops.
The sizable transfer came in the wake of Bitcoin breaching the $6000 mark on a lot of major exchanges, while at the same time, its market cap crossed the $100 billion mark after almost 5 months.
Source: ambcrypto.com/bitcoin-whale-aler...

Hypothesis:
We are\have approached a strong resistance and this will most likely will be rejected. and hence they are going to take the opportunity.

Linked to previous hypothesis >I

Trade active:

Looking back to my original target area, we have reached it. It also lies in the area of extreme based in the blue strip for the fib. pitchfork. Further more, doing the pitchfork at the critical point, also states were are over extended. If pitchfork was ever to be a correct tool, then we should see at this point, a nice pullback. No clue as to how much.

Comment:

6200 on binance looks like a nice pullback and still maintaining a bull trend.

Trade active:

Is this enough of a pull back?

Comment:

Ideally the 0.318 fib with the 4 hrly 20 EMA will be perfect, cradle zone. 6800. Maybe this is good enough.