LisaNEdwards
Long

IS BITCOIN ALMOST READY TO BLAST OFF?

BITMEX:XBT   Bitcoin / U.S. Dollar Index
Dear Traders and Hopeaholics alike,

as the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS (or HA for short) I give you BTC 16K annnddd NEW ALL TIME HIGH of 21K :).

Right now they are going to be reading this post and shouting HA HA HA HA HA everywhere I go. But as the President and Founder of HOPEAHOLICS ANONYMOUS, don't let me be the one to have the last laugh...

If you are in the industry (Crypto one that is) like me, you know that CRYPTO BITCOIN offers HOPE, it offers the possibility of a more secure and transparent future of money, one that is fully traceable, one that allows you to hold and secure it yourself without relying on a third party that may or may not be there in the future. IT ENABLES FULL CONTROL OF YOUR MONEY!

THE TECHNICAL STUFF

BTC has NOT broken support, in fact we have bounced each and every time off the diagonal support, we are also about to make a stop run to around 7k for a liquidity grab, then more than likely, the community will turn BULLISH and the whales will take it down one more time to complete our Elliott wave pattern. Lower wedge support is around $3700-3800 range. This is the 0.88 FIBONACCI range which BTC loves to correct to. (we did this from the ATH ) Our 3rd wave retrace target has corrected to 0.78 FIBONACCI. Our correction was also a result of rejecting the parabola, so I believe we are going to 16K to retest and attempt break through only to feel the rejection at this region again.

THESE RANGES ALSO COINCIDE WITH LONG TERM DIAGONAL SUPPORT FROM AROUND 2015 - this was the start of our bull run as such.

If this region fails to hold and find support of the buyers, our next support is $3,200 range which was the bottom of this run. I am okay with a wick breaking through to this region for a strong bounce.
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NOW ASK YOURSELF THIS - IS THIS SATIRE OR ENTIRELY POSSIBLE?

I'll let you make that decision for yourself, as you are pushing the buttons. BUT let me tell you this... at HOPEAHOLICS ANONYMOUS and in my world... ANYTHING IS POSSIBLE!!!

SHOOT FOR THE MOON - EVEN IF YOU MISS YOU'LL LAND AMONG THE STARS !

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If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT IT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns.

So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED!
And remember, there is NO RIGHT OR WRONG in trading - just money management!

REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!

<3 Lisa

DISCLAIMER:

The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...

PS make sure you give me a like, that way you get updates as I post them.... :) <3
Comment:
mid 3s after minor bounce, then potential reversal
SUPPORTS MUST HOLD for this pattern to play out
Comment: BTC moving strongly in pattern :)
Comment: I'd like to see some sideways consolidation in this region before heading higher to target
Comment: BTC 7K TARGET reached we have also hit the 100MA on the 4hr chart, we either need VOLUME or sideways and support to hold and 8k is possible. NEXT WAVES will tell us direction
Comment: BTC must hold lower red support - I am ok with this breaking by a wick to $4,800ish then my target is $7,777 to 8,000 range OR 200MA rejection on the 4hour chart! A break below $4,800 will cancel this pattern and we will drop lower
Comment: BTC still following pattern, we should have one more wave lower before another wave up to target
Comment: In the final stages of the internals for Wave 4 right now
Targets on second chart here
Comment: Pattern break is around $8,400
Comment: Updates on new chart
Comment: BTC is starting to look like a LEADING DIAGONAL pattern
which will take us to the BULLISH pivot (and hopefully beyond)
Comment: We are closing in on the BULLISH PIVOT at $8,425
if we can break this region LONG TERM RESISTANCE is $10,200
Comment: #BTC So apparently something happened while I was sleeping... πŸ€‘πŸ€‘πŸ€‘
MAGNETS and ROCKETS FULLY ACTIVATED
πŸš€πŸ§²πŸš€πŸ§²πŸš€πŸ§²
I have marked resistance zones, we are at one now - $10,200 is the Target which is long term resistance
$10,495 with FOMO added πŸ€˜πŸ€“πŸ€Ÿ
❣️Lisa N Edwards❣️
πŸ₯Find me on twitter ❀️
https://twitter.com/LisaNEdwards
Screenwriter and Author 🐳
https://www.imdb.com/name/nm3438486/ πŸ’‹πŸ’‹
PRIME XBT - MASSIVE OFFER!!!! Details on Profile Page

Comments

We cover this chart in my Zoom session with my group tonight. I got to the same conclusion and someone said that I should look at your chart because we are both saying the same thing using 2 different styles of TA. Thats the beauty of TA. I love your work!
+2 Reply
LisaNEdwards BleedingCrypto
@BleedingCrypto, awesomeness!!!! It is something I saw late last night, and woke up this morning with a whole story to go with it... dreaming crypto hahaha
+2 Reply
ProjectSyndicate BleedingCrypto
@BleedingCrypto, too early to make that call.
Reply
LisaNEdwards ProjectSyndicate
@ProjectSyndicate, why too early? It's a trade idea.... never too early
+1 Reply
This is the cutest chart ever! Made my day!
+1 Reply
LisaNEdwards UnknownUnicorn5725708
Reply
@LisaNEdwards, are you still seeing a dip below $4k on BTC? Would that not also come with a concurrent dip well below $120 on BSV? I've been cross-referencing your charts, in context of recent price history, and was hoping/expecting one more dip under $100, and maybe even under $80 for BSV. Hoping to come out of my last BTC, go all in on BSV, and ride that to ATH, but not sure where the bottom is. My charts say one thing, yours say another...maybe. Thanks for your input! Crazy how close you come!
+1 Reply
LisaNEdwards DoctorWhat
@DoctorWhat, hey :) yes chart just updated, possible 76-44 on BSV depending how supports hold. BTC looks to have a 3,500 on the way. BTC has a pattern break at $8400 if we bust through that, we are in a different uptrending pattern and have hit bottom. So over this week with futures releasing we are going to get the answer
Reply
On target again!
+1 Reply
LisaNEdwards Hudsonite
@Hudsonite, hope you traded x
Reply
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