As this is a Point&Figure chart, I'll have to provide updates manually as TradingView currently doesn't support the 'play' feature for them.
Noticed something interesting supporting the Bullish case for the previous Fractal/Bear Trap idea:
Breakout and retest of the macro descending resistance intersection with the dynamic support range 🙏🔮🚀
Possibly the most bullish sign seen in recent months 🙌
Stay tuned for more! I'll keep a close eye on this one & update as things play out!
What do you guys think? Feel free to share and ask questions 👍
*Will update as more PA is available*
*Symbol tags below, Ignore these*
INDEX:BTCUSD BITSTAMP:BTCUSD COINBASE:BTCUSD BITFINEX:BTCUSD BINANCE:BTCUSD BINANCEUS:BTCUSD FTX:BTCUSD GEMINI:BTCUSD BINANCE:BTCUSDT KUCOIN:BTCUSDT HUOBI:BTCUSDT OKEX:BTCUSDT BITTREX:BTCUSDT POLONIEX:BTCUSDT COINBASE:BTCUSDT BINANCEUS:BTCUSDT FTX:BTCUSDT BITSTAMP:BTCUSDT BINANCE:BTCUSDTPERP BYBIT:BTCUSDT BINANCE:BTCUSDT_PREMIUM
SP:SPX TVC:SPX OANDA:SPX500USD DJ:W1DOW NASDAQ:NQGI NASDAQ:NQGM CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 CRYPTOCAP:TOTAL3 INDEX:SATSUSD BNC:BLX
*Symbol tags above, Ignore these*
Noticed something interesting supporting the Bullish case for the previous Fractal/Bear Trap idea:
Breakout and retest of the macro descending resistance intersection with the dynamic support range 🙏🔮🚀
Possibly the most bullish sign seen in recent months 🙌
Stay tuned for more! I'll keep a close eye on this one & update as things play out!
What do you guys think? Feel free to share and ask questions 👍
*Will update as more PA is available*
*Symbol tags below, Ignore these*
INDEX:BTCUSD BITSTAMP:BTCUSD COINBASE:BTCUSD BITFINEX:BTCUSD BINANCE:BTCUSD BINANCEUS:BTCUSD FTX:BTCUSD GEMINI:BTCUSD BINANCE:BTCUSDT KUCOIN:BTCUSDT HUOBI:BTCUSDT OKEX:BTCUSDT BITTREX:BTCUSDT POLONIEX:BTCUSDT COINBASE:BTCUSDT BINANCEUS:BTCUSDT FTX:BTCUSDT BITSTAMP:BTCUSDT BINANCE:BTCUSDTPERP BYBIT:BTCUSDT BINANCE:BTCUSDT_PREMIUM
SP:SPX TVC:SPX OANDA:SPX500USD DJ:W1DOW NASDAQ:NQGI NASDAQ:NQGM CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 CRYPTOCAP:TOTAL3 INDEX:SATSUSD BNC:BLX
*Symbol tags above, Ignore these*
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Zoom-in
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Green 'X' printed, sign of support being found & possible bullish continuation incoming!
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Not too much happening at the moment, still waiting
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Nice push from the Bulls
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More Bullish momentum supporting a major swing to the upsideملاحظة
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The 'meme line' I drew when Indicating the retest area has now become Rising Support somehow hahah
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Small update on the situation here, Holding above the previous support zone & creating a new rising support!
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Looking at the previous Idea posted, We could see some slightly descending momentum before the bullish upswing takes place!Here is the previous Idea:
And the fractal was updated by copying each individual wave rather than the entire fractal (to get a more accurate target for the expected low of around 39k)
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^From above see the updates given below:Fractal has been adjusted to better fit the scale of the current pattern
Here is the fractal overlaid on the price:
*Bit hard to see because it fits so well*
Here is the same fractal without price:
Here it is with similar presentation as the original Idea:
And Lastly zoomed in to see next stages & swings (based on fractal):
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Looking good still, Bullish momentum overall holding stronger than bearish attempts
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Looking good still
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Local breakout!ملاحظة
Updated chart
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Local resistance breakout
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Key resistance flip to support ملاحظة
Some good signs! another res. breakout, could see a retest soon however not required until a red is printed
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Woah, major bullish pressure, could see a move to that rising resistance and horizontal res. lineملاحظة
Expected path
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Cleaned up the chart as best I could and added some more information on my current thoughts.We are approaching an important area of resistance, so would be expecting some volatility to appear soon.
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Nothing major, just some choppy PA as we battle res.
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Something like this is also on the cardsملاحظة
Possible downswing previously mentioned has been invalidated/become-less-likelyLooking good still on the bullish side of things with the new recent local higher high!
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stopped perfectly at resistance... could see a swing down on the macro here!
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or we could see some sideways chop for money rotation into and out of alts? somethin like that even?
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Resistance broken!!
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Current thoughts on Bitcoin's PA (Price Action) macro as well as my current thoughts..
Expecting 53k-ish area as the likely next 'top' for the imminent bounce (expected based on the structure on P&F chart)
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Related charts are scattered throughout this idea:
منشورات ذات صلة
إخلاء المسؤولية
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.