Some of the most prominent rebounds occur after sweeping a lower low. If this is our range low with a continuation of wave B formation, I see BTC retaking support above the 41k level. There is going to be froth in the coming days and we may retest our Wave B low given the amount of negative news cycles coming out. External market factors may break down the...
After reeling from another tweet, BTC is still forming nice channel and higher low's. Here is a Hopium chart to get us through the weekend.
Even with the bleed off, BTC is still sitting in a good position to regain bullish momentum. In a perfect world, here is the scenario I would like to see play out over the coming week/s. Regain 42 and 45k while flipping a...
Sideways action, while boring to most, really has some of the best PA to accumulate. Matic is showing clear signs of accumulation and support around 1.80. This is a setup on the daily, DYOR and see if similar patterns occur. They do. When we push our RS, it will typically will lead to a new range. We entered this new range the day of our market correction a few...
We are reaching a critical point of consolidation for BTC. I believe we will either retest 45 and gain support or lose our 32 support level and retest prior lows of 25. The most likely scenario will be garnering momentum to the upside with retests of our RS.
