BTC UPDATE

١٤ مايو ٢٠٢٢

BTC UPDATE -

As said about a month , we were for around here for a
finished "WXY (Sideways Double Combo) .
We are now here if you shorted it from "Daily Supply" congrats!!!.
We are now at "Daily Demand" now i will point with these "Confluences"
put above this is a very viable spot bulls wanna hold.
Reasons why , first going below this "Daily Demand" which we
have already filled means we come to these "Lower Demand Zones" .
Secondly, going below here we are breaking back into the "Base Channel"
which in turn would lead us back into the "1-2, 1-2" scenario
which we dont want.
Thirdly, Breaking here means this is no longer a
"WXY (Sideways Double Combo)".
So with that being said , its possible that the "S & P 500" can go
down more potentially which has to be factored in
(CHECK MY PREVIOUS S & P 500 Chart) .
What to do? Be patient and wait for "S&P 500"
to officially bottom for the longterm hodlers. Good Luck !!!

Noteables - RSI Daily Divergence , Weekly close to oversold

Confluences in the WHITE ZONE ---

- 1 - 1.272 extension

- Pitchfork Median Touch

- Golden Pocket

- Daily Demand

-1.272 - 1.618 Time Extension

- Elliott wave

- (-0.236 Algo touch)