BTC (Y19.P2.E5).Adam.Eve.Accumulation phase

This feels like a miniature version to the December\January period where we had the Adam and Eve playout (where the bottom was set) which turned to be the accumulation period.

I feel strongly that this is the same, not just because of this forming pattern but because of the following:
a) Macro level - the 30% bounce off the 0.618 fib retracement
b) The accumulation and defending of 9k. Every time it went below, it was bought up\swallowed. Then it was 9050, 9100, 9200 and now here.
c) My fib.circle and fib. channels help support this evidence > refer to my past posts.

12 K is the ultimate target for this year and slowly we will transition to another phase 2 were we will experience another parabolic curve, but that won't be the major one.
We have the major after that.


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Cheers
S.Sari \CryptoProspa

تعليق:

The resistance ring is still holding however as I expect, and did, the buy zone line will squeeze the price up to break that ring. Its likely to go up than down based on market sentiments, which is bullish. As my other post, shorts are all time low this year again.

تعليق:

On the 4 HRLY. However if the price stays above this red ring on the daily, open and close candle stick. Then I see the red ring as a bouncing off layer on the pullback as well as a breakout...hence we are headed up in my opinion