My previous analysis is still valid.
After reaching wave 3 at 25k, BTCUSD retested to find support in wave 4(A) inside the accumulation zone (blue box) to resume its advance.
Will the bulls be strong to continue this rise to wave 5(D)? :)
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Any daily(D1) candle close below 17k or making a low below 1 will make this setup fail.
good luck!
After the wave C end at 20k and impulse down to 17k. Selling pressure starts to weaken then creating higher low in D1 timeframe.
I like to see some retracement on BTC(Alts Coin will follow) to 26k.
H4 timeframe already creating ihns should be good chance to take long position.
If daily candle close above 26k, 28k-30k zone will be possible to reach. Any daily...
as we see BTC forming HNS on daily chart.
its time for the bear take over?
After the support on 40k broke last week, retest on 44.5k and cant go higher than it. I like to see 20k if this pattern works.
But, any daily candle closing higher than 53k make this setup fail.
After we seeing the exact same price 51300. It bounce back to 53400'ish.
We'll see how the daily closing. IMO it will retesting the last high of yesterday or atleast the body candle before moving down again to get some bear power.
Get Ready!
After the dip on Sunday at 51k then bounce back to 56k to retest the broken chanel trendline H4 & Daily. Then made hangingman candle to going back down.
Imo it will pickup some liquidity on the wick that been made on Sunday.
Get ready!
