On the one hour time frame, A Bullish Megaphone looks promising. Hitting the 5th Elliott Wave, am looking for the 3rd hit on the support trendline for good entry level. surrender to the market and use its force to our advantage.
From the daily time frame, the Bears would possibly hit 40,000 to 39,000 before getting a footing on the support. From there, the Bulls should be steeping in for ride. Lets sit back and watch how it plays out in days coming.
BTC have been ranging BTW 53218 to 61582 from 10th Mar and at 61115 high today. on a 4hr time frame, price have bounced off the 200EMA and a good distance BTW the 200EMA from 100EMA. if pressure keeps mounting on the resistance level and above the 100EMA & the 200EMA, the BTC will MOON past 66 to 70.
Bitcoin made a good Diamond pattern over time before and after Halving. The raising triangle and an inner triangle gave us 3 supports so any of those supports could be tested as a M set is forming before heading for a breakout to 10k.
It might take some time or might move the way it wants it, you never can say.
From the 4 Hur time frame, and candle stick formation, an expanding base triangle is formed and could give us bullish rally back to 10k before Halving. taking a LONG wont be out of place
Bitcoin broke the resistance level to make a solid support level. we might see a little bit of few retest on the support before it moons, hopefully aiming for $10,000 and beyond.
