BTC'S ONE LAST MOVE TO THE UPSIDE?
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You have all been very welcoming to my ideas and trade set-ups! :)))
I can't appreciate enough how seeing your positive comments make my day.
Its for that reason I wake up every morning, motivated to hit the charts for y'all! <3333
Now lets take a look at BTcoin!
We see how BTC is nearing the top of our ascending channel.
But the question is, " BTC retrace downwards to test a past resistance level from Oct 29? that would be within the 21k range.
If BTC does validate that level as support and makes its way to the upside, my next target is the VAH of 21.6k.
That level would give us 4 confluent factors:
1. Top of the channel
2. 5th wave complete
3. Top of our local range
4. VAH level
Expect a retrace if is to happen..
We have to keep in mind, BTC has been in range mode since June 17, 2022.
And as traders, we must TRADE THE RANGE UNTIL IT BREAKS.
If you think you've gotten awesome content from my TA, please smash that like (boost) button!
It keeps me motivated to continue hitting the charts for y'all!!
I'd also love to see requests on any chart you'd like me to look at!
So please leave a comment on what Analysis you'd like me to do next! <333333
You have all been very welcoming to my ideas and trade set-ups! :)))
I can't appreciate enough how seeing your positive comments make my day.
Its for that reason I wake up every morning, motivated to hit the charts for y'all! <3333
Now lets take a look at BTcoin!
We see how BTC is nearing the top of our ascending channel.
But the question is, " BTC retrace downwards to test a past resistance level from Oct 29? that would be within the 21k range.
If BTC does validate that level as support and makes its way to the upside, my next target is the VAH of 21.6k.
That level would give us 4 confluent factors:
1. Top of the channel
2. 5th wave complete
3. Top of our local range
4. VAH level
Expect a retrace if is to happen..
We have to keep in mind, BTC has been in range mode since June 17, 2022.
And as traders, we must TRADE THE RANGE UNTIL IT BREAKS.
If you think you've gotten awesome content from my TA, please smash that like (boost) button!
It keeps me motivated to continue hitting the charts for y'all!!
I'd also love to see requests on any chart you'd like me to look at!
So please leave a comment on what Analysis you'd like me to do next! <333333
Comment:
Hi Guys!
Just wanted to give an update!
Looks like 5th wave is complete!
I had a look at coinglass' open interest.
Unfortunately I'm unable to share the image on trading view.
But there was a bearish divergence in open interest as price was increasing to the 5th wave.
What does this mean?
A Bigger player was absorbing the buying pressure. expect a reversal.
Just wanted to give an update!
Looks like 5th wave is complete!
I had a look at coinglass' open interest.
Unfortunately I'm unable to share the image on trading view.
But there was a bearish divergence in open interest as price was increasing to the 5th wave.
What does this mean?
A Bigger player was absorbing the buying pressure. expect a reversal.
Comment:
We see BTC make a big move to the dowside, breaking our ascending channel.
However, we have stopped almost exactly at the monthly level.
However, we have stopped almost exactly at the monthly level.
Comment:
#fibtimesdontlie
Please see how each time the fib levels have been reached, a move soon followed.
My unbiased opinion is to the downside.