BTC (Y22.P1.E5).Non failure swing bottom
Updated
Hi All,
Note: this is a continuation piece from the previous post where we had the 1st bullish scenario, which is now invalid.
Link below.
Not my original idea as the non failure swing bottom formation.
Note a few key points
> On Point E, we have the DAILY 10 and 20 EMA, red and lime moving averages could act as support that line up with previous support Point A along with the fib pullback to 0.382.
> This also is a pullback to the daily 10/20 ema which also aligns with the cradle setup.
> Daily trend with higher lows.
> Macd aligned, convergent.
Note the daily 50 and 34 ema was resistance so if we have the daily close above it, you can take that as confirmation for it being bullish.
All in all, a nice bullish setup or cradle setup.
Just look for a daily bullish candle and you will be good.
All the best,
S.SAri
Macro sigh I'm looking for is on the 4 daily
Note: this is a continuation piece from the previous post where we had the 1st bullish scenario, which is now invalid.
Link below.
Not my original idea as the non failure swing bottom formation.
Note a few key points
> On Point E, we have the DAILY 10 and 20 EMA, red and lime moving averages could act as support that line up with previous support Point A along with the fib pullback to 0.382.
> This also is a pullback to the daily 10/20 ema which also aligns with the cradle setup.
> Daily trend with higher lows.
> Macd aligned, convergent.
Note the daily 50 and 34 ema was resistance so if we have the daily close above it, you can take that as confirmation for it being bullish.
All in all, a nice bullish setup or cradle setup.
Just look for a daily bullish candle and you will be good.
All the best,
S.SAri
Macro sigh I'm looking for is on the 4 daily
Comment
the 10 daily could do the jobComment
other scenario's, still support the original idea.Bump and run
inverted head and shoulders.
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