Since i decided to publish my ideas 2 weeks ago to help others because i thought its the time for btc and i am really impressed for how accurate they are one after another.
And now like i said many times before that we are in strong wave 3 since from 7800 this wave should take a break between 12/12500
Now btc hit 12900
I also published another idea for classic bearish div on daily which is going to confirm the break and retrace for a bout a week range
But i still calling for the strong support according to my previous idea between 10600/10800 and 11000/11200 area is going to be the area from where btc should not break it after we hit 12/12500 and this is very important to resume climbing towards previous ATH at least for now and if it didn't happen expect the blood
Just in case we got the reverse I expect the behavior for next wave to be similar to the last one from 7800 or even sharper.
Hope this help
Previous idea:


Original idea:

And now like i said many times before that we are in strong wave 3 since from 7800 this wave should take a break between 12/12500
Now btc hit 12900
I also published another idea for classic bearish div on daily which is going to confirm the break and retrace for a bout a week range
But i still calling for the strong support according to my previous idea between 10600/10800 and 11000/11200 area is going to be the area from where btc should not break it after we hit 12/12500 and this is very important to resume climbing towards previous ATH at least for now and if it didn't happen expect the blood
Just in case we got the reverse I expect the behavior for next wave to be similar to the last one from 7800 or even sharper.
Hope this help
Previous idea:


Original idea:

Note
We wont find out the exact count until general 5 waves are completed. But i mostly believe 9100 was top of big wave 1 and mini wave 3 was extended after it we rejected to previous 7500 which was same area close to mini wave 4 at same time we got strong hidden bullish div on 2d chart and after it btc fly straight to 13k so far which is more indicator like i said before that we are starting strong general wave 3 from 7800 area to previous ATH area, here are the most possible count if the original one looks confusing but this wont change 9100 was top of general wave 1.
Most important thing now is btc hold 10800/11200 for current due correction or expect blood.
Note
What a dump to 11600 after 13800 hit thats another great call As i said retrace is coming soon and it did in few hours and i mentioned for trend continuation 11400 10800 area must not break down it so for now i expect consolidation for about a week in this range and lets hope it stand for reversal
Note
We got dump just in time as predicted to support area mentionedAfter my last update about btc hit 13400 i told you guys to not get excited especially after we got 1 hr bearish div supported by 1 day and 2 days bearish div
So in few hrs btc hit max fomo at 13900 and dumped hard to 10400 area as i said in some previous ideas that I am expecting rally pause and retrace for a bout a week range to calm down to area between 11200/11400 to 10400/10600 and it should not get broken with daily close for trend continuation and we hit it EXACTLY faster than anyone expected
So let me share my current view which is i see 10400/10600 is very strong and we should reverse from here as its my main condition to resume rally towards previous ATH forming strong wave 3 since from 7800 area
We got a MASSIVE hidden bullish div on 1 hr chart supporting my view and btc should consolidate for a bout a week in this range forming higher lows till it breakout
Warning if 10k broken expect blood and the end of this bull run
Hope this helps

Note
Finaly! We got the daily close 10750Note
We got lower low, higher low invalidated that was ABC correction but we still bullish, we were waiting for 1d and 2d daily close between 10500 and 11500 we got 1d 10750 and 2d is very close and its very important to be above 10000 / 10500 area its also critical 10k level not breached with daily closeLow time frame indicator always trick traders that's why we are not doing day or short term trades and we focus on higher time frames and the trend, here is another look:
Trade active
2d candle closed above 10500 level as we were expecting which is more confirmation for the reversal as we noticed 10k level breached for few seconds and stood strong!!Note
9800 touched this is mostly BEAR TRAP. Wait for 1d candle close.Note
4HR hidden bull DIV completed! Bear Trap triggered below 10k We got daily close 10750 then 2d close 10500 showing btc strong above 10k level but after btc went below 10k level again we should wait for the next daily candle close but we are still bullish because indicators now went very low and gave chance to form 4hr hidden bull div we were waiting for the last couple of days which is now very clear on rsi and macd

Note
What a bear trap!! We did call for it guys, Btc reach 9600 area but daily candle close is above 10800 again! Since we hit 13900 in Jun 26 we expected to consolidate for about a week between 10500 and 11500 level with daily close above 10k level and we got that, during this week the lowest daily close was 10600.
And we said many times 10k level should not be broken with daily close and so far this stand strong beside 4HR hidden bull div completed we can officially say now consolidation has ended and BTC is ready to resume uptrend.
Note
The wedge still in play and developing as expected although it took longer time but the wedge resistance has been confirmed with 4 times touch lower low. As well as 11/11400 area holding very nice.I am expecting breakout to upside in anytime very soon. Watch out!
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.