BTC (Y19.P2.E8).Still Bullish
Diupdate
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
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
Catatan
Catatan
Update:The price has hit another support fib.fan line and got a response, question is will it hold. Unlikely.
Catatan
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.Catatan
Note, morning star on the 4 HRLYCatatan
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This community has signals now but with no risk management comms.
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