Hello all!👋😁 Thanks for joining here today🌞🌆, as we climb into 🏂this technical approach analysis
🎯🎯🎯NOTE🎯🎯🎯
Likely to continue to bounce around and contract tighter before we see impulse wave↗↘🌊
This is just my current view, simply explained.🆗👍👀
BTC has made us huge gains💪💲 in the past couple weeks as we soared🐱🏍 to ~52k.5️⃣2️⃣
Now we seem to be creating a bearish pennant🐻▶ (could turn bull🐮 but I am leaning towards bearish🐻)🆗
We started to dump, and if we continue this dump (very possible😀,) I would expect to see us hit 30 percent fib retracement of our most recent impulse move that lead us to 52k. (See yellow 🟨 line ➖ on chart📈)
If we can do as mentioned above, we can also make room for more highs in the near future.😄👌📌
I am expecting a dump and pump situation.⏰↘😨↗😍
Other situation (Daily view)
Bullish cross! 50 and 200 day MA..
We will either get rejected from this cross or it will cross bullish and we continue up. This is a critical moment.
Always remember🕵️♀️
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs, major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Thank you so much
Jazerbay
I would love to hear your thoughts, let me know how you view the current situation! 👋
🎯🎯🎯NOTE🎯🎯🎯
Likely to continue to bounce around and contract tighter before we see impulse wave↗↘🌊
This is just my current view, simply explained.🆗👍👀
BTC has made us huge gains💪💲 in the past couple weeks as we soared🐱🏍 to ~52k.5️⃣2️⃣
Now we seem to be creating a bearish pennant🐻▶ (could turn bull🐮 but I am leaning towards bearish🐻)🆗
We started to dump, and if we continue this dump (very possible😀,) I would expect to see us hit 30 percent fib retracement of our most recent impulse move that lead us to 52k. (See yellow 🟨 line ➖ on chart📈)
If we can do as mentioned above, we can also make room for more highs in the near future.😄👌📌
I am expecting a dump and pump situation.⏰↘😨↗😍
Other situation (Daily view)
Bullish cross! 50 and 200 day MA..
We will either get rejected from this cross or it will cross bullish and we continue up. This is a critical moment.
Always remember🕵️♀️
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs, major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Thank you so much
Jazerbay
I would love to hear your thoughts, let me know how you view the current situation! 👋
Note
Thank you so much!
Jazerbay ☯
(similar to past symmetrical triangle)
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.
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.