BTC (Y19.P2.E8).Still Bullish

I'm still bullish at the micro level and macro level (refer to the video link below for explanation)

Observations for short term:

> We have a BULLISH divergence on the 4 HRLY chart
> We have an engulfing bullish candle on the 4 HRLY chart after a spinning top at the support level
> We have what seems to be a BULLISH wedge formation
> We have confluence as support fib.fan 1/3 at the macro level
> Note buy zone might have to be raised another $100 as the bullish div. might kick in


Conclusion:
> Immediate target top of wedge, 8990
> Breakout of wedge, immediate target 9450

DAILY Chart: Note how fib.circle (ring) acting resistance. 1st major ring resistance broken, 2nd ring resistance to be broken

Video links for MACRO overview

18:49

تعليق:

تعليق:

Update:
The price has hit another support fib.fan line and got a response, question is will it hold. Unlikely.

تعليق:

more updated information and what looks like a spinning top candle stick, meaning a reversal. Note the 8500 touch response, which is approx. fib. level 0.5. Not surprisingly it has confluence on my pre-dawn channel, and support lines which in October had a bounce off 7800 level to 8600. I'm expecting another major move as well.

تعليق:

Note, morning star on the 4 HRLY

تعليق: