BTC 1 Hr - Measured moves playing out so far to the downside.
The First Measured move (blue) to the upside already played out also.
Looking for the 2nd (green) measured move to play out if the bulls show up.
Nice Weekly close for Bitcoin. Lets see how things play out this week.
Could be a perfect storm, Banks failing is a BIG call foe Bitcoin!
Lets GO!...
18970 area used to function as a weekly resistance in November 2020. The moment we broke through and flipped it as support we had a huge pump.
Likewise, bulls must now defend this price on a weekly level if they hope to see a bounce higher.
Should they fail to protect this level I suspect we will visit the green box very soon.
Some other important prices on this...
Weekly close going into Monday 12/20 is going to be really interesting.
Do not expect support line to hold... likelihood is break to downside.
Next support @ $42.5k... likely bounce off of $42.2k with a wick touching $41k.
A lot of support around $41k... that is going to be an interesting bull vs. bear level!
Evening Traders,
Today’s Technical Analysis – GOOGL – breaking a multi-year weekly resistance with strong volume. Consolidation and a retest of structure will confirm a new range.
Points to consider,
- Multiple weekly closes
- Strong volume
- S/R Flip retest (confirmation)
- Local high (blue sky breakout
GOOGL has closed consecutive weekly candles above...
Today’s Technical Analysis – ETHBTC – testing a weekly level with an important candle close
Points to consider,
- Weekly structure
- S/R flip
- Volume below average
- Structural resistance
ETHBTC is testing an important weekly zone that must remain as support to further solidify the S/R Flip.
A bullish candle close (hammer candle) on a weekly structure...
Exciting weekly close soon on BITCOIN
I am pretty sure if this weekly close above or equal to 9111 it will generate a new green candle.
And maybe this is the week for the 10k. I am very convinced that we will se lower levels.
Please check my other post. (We are in a uptrending consolidation.)
Above $11.750 = Fireworks and rockets.
