watch previous ideas to have more information about the current & upcoming movements
I did update & mentioned btc start the 3rd wave from the 5th
today is really important we need to watch carefully to know the next movement, especially after FOMC yesterday the true reaction comes a day or two after, then watch the movement & decide if is it true or fake...
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Hi again
As you are supposed to know DXY could affect the stock market which in turn affects the crypto market so I made this chart and decide to share it with you.
IF WE GO UP IT'S A BEARISH SIGN FOR BTC/ IF WE GO DOWN IT'S BULLISH.
If you want to buy bitcoin,you should look at a major bearish trendline that the markethas been respecting since april.
I would recommend waiting for the bullish breakout first before buying.
Downside breakout of support may lead te the continuation of the downtrend.
In my opinion,the safest option is to wait for the hack first now
and the follow the market.
If...
to keep going up we need to break 41800 & close weekly above it, 44500 is super important we need daily close
for the supports, we got ~36100 really strong support only fall with a daily close under it
we got weekly support on 34 we could go under it but without closing weekly
This is what I see when I look at the BTC chart I just want to share that.
Red = Bearish scenario
Yellow= Possible move
Green= Bullish scenario
IT'S POSSIBLE TO GO UNDER THE TREND THEN COMEBACK
As you know we break the H&S model neck which means the model has been activated.
will now we need to go back before daily close if we did that we will have a fake break which is really bullish.
if we didn't do that expect some movement to the supports I share before.
Price gives bullish signals after double bottom:
broke out R1 ressist. + f - fractal ressist.
Waiting for small correction from Supply zone and go to
X point - crossed Supply zone+0.618 F lvl.+R-strong ressist.
