Price reversal zone for BTC to react at a full 886 retrace of the X-A wave which aligns to a large trendline that BTC cme has tested as resistance and support many times, when we broke out in March it was never retested, this harmonic shows confluence to the backtest of the said trendline (sping of the trendline and this is the backtest). Area of focus is $39,000-38,500.
After a type 1 reaction of the bullish Gartley, the price returns back to the harmonic optimized price this forms the second leg of a double bottom. Buy at confirmation of bottom, ride the neckline and take profits. After confirmation test of the neckline add more position and take profits at T2 and the measured move. Set a stop loss below $50 and below $80 for...
After the shakeout spring and backtest bake continues to break back above old support going into the phase D part of wyckoff accumulation schematic #1.
UMA has a long developing symmetrical triangle that has already pierced once before, breaking down one would believe that the asset would go down further.
After the exchanges squared up after the Elon Musk tweet to make sure they aren't losing money from their shorts daily bullish divergence is brewing with the RSI lowering for a backtest. MACD signal lines about to cross on a daily timescale (HUGE) last time this happened was December 16th, RIGHT BEFORE WE HIT THE LAST ATH. Looking at the measured move of the...
200MA on BTC would make a lower high as BTC has been rejected by resistance, RSI broke past the previous trend and is showing bullish. Since the RSI would-be bullish then this could support a higher low, the 200MA is a perfect place for this. BTC has lower support and another lower spring underneath it to spring BTC back. If it falls below this support then BTC...