BTC (Y21.P1.E1.v2).Still Bullish
Updated
Hi All,
Another continuation post from the previous, link below.
A 123 impulse move reaching
41K
If it holds 37k on the 4 hrly... a dip is expectable to touch the supporting neckline.
MY THOUGHTS:
=============================================
My impression is H and S is less likely at this point.
We are forming a giant consolidation triangle of some sort before it goes up another level, if we hold this level and hit the 41K.
The 21% pullback is the equivalent of previous bull run 30%'s pullbacks, in this run, it will be in the 20's not 30's.
The ALTs will not have momentum until BTC gets going.
USD, DXY is ranging sideways giving BTC a break to the upside.
All the best,
S.SAri
PREVIOUS POST
For now, the 1 HRLY Chart using the 10/20 EMA is doing the job.
39K next target, then 41K
DXY chart
Another continuation post from the previous, link below.
A 123 impulse move reaching
41KIf it holds 37k on the 4 hrly... a dip is expectable to touch the supporting neckline.
MY THOUGHTS:
=============================================
My impression is H and S is less likely at this point.
We are forming a giant consolidation triangle of some sort before it goes up another level, if we hold this level and hit the 41K.
The 21% pullback is the equivalent of previous bull run 30%'s pullbacks, in this run, it will be in the 20's not 30's.
The ALTs will not have momentum until BTC gets going.
USD, DXY is ranging sideways giving BTC a break to the upside.
All the best,
S.SAri
PREVIOUS POST
For now, the 1 HRLY Chart using the 10/20 EMA is doing the job.
39K next target, then 41K
DXY chart
Note
chart update, next fib level reached wit slight reaction.Note
Note
Note
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This community has signals now but with no risk management comms.
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