🔥 BITCOIN FORMING ⛰️ EXIT? 🔥
Hey guys, wishing well with everything as always, just here with a quick idea so let's do it!
Anyway leave a like and follow to keep posted on more as always and wishing you guys well! Been a busy day but great overall. Trade responsibly and always do your own proper DD as well!
~ Rock
- Bitcoin's still managed to keep above our marked ascending trend line as we noted in the last idea and those EMA's have held up though I wanted to give a fair warning that we could possibly see that 200 EMA exit soon. That's only a possibility if support doesn't hold up but with Bitcoin seeming to be getting rejected at the $22,000 mark now if it can't push above that we're close enough to that 200 EMA now on the 15 minute to get a possibly mountain exit soon.
- For those that have stuck with me and follow you guys already know about those mountain entries and exits which tell us so much and right now I've added two temporary trend lines which show a wedge we've got going on right now. BTC has to break that [1] trend line to move further up otherwise we could see it get pulled down and if it falls below the [2] trend line then we'll see it fall most likely and in tune those EMA's could flip and pull our 200 EMA out.
Just giving this out since it could help you guys identify the direction much quicker thanks to that wedge so soon enough we'll see a dramatic move happen and considering we've basically been going up and up it wouldn't bee to out of the question to see some form of a retracement before moving back up though the moving back up scenario would depend on what point support kicks in and just exactly how that EMA exits the mountain. If it exits straight out and doesn't seem to be catching anything then we'd have our Skier go off and down the mountain before moving back up again, watch that rising trend line though, we break below that and it's all game so be wary.
Anyway leave a like and follow to keep posted on more as always and wishing you guys well! Been a busy day but great overall. Trade responsibly and always do your own proper DD as well!
~ Rock
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