Three ways to go

Updated

As you know, If we can go to the Moon, BTC need to make a Higher High at around 10,000~11,000.
But, deep dark 200MA stay at app. 8500 with some looking bad divergence signals.
It's not that easy to breakout.
Anyway time will tell.
Who knows...

MM prefer their beautiful patterns, retrace, whipsaw... I guess.
I think BTC is shaping its falling wedge now.
I think more strong breakout is needed to confirm the completion of the falling wedge.

At this time, I'm in a human society with some ALT for the ticket to the moon. ;) I don't wanna go to the underground anyway. haha
Good luck guys.

Note

BTC touched its 0.236 retracement from 5.7K last day.
If this is a bull market, BTC shoul have retraced before it breakout $8,000(one of the most strongest resistence of the long downward trand line). I guess.
BTC touched 8.5K but it dosen't mean that we can prepare for some party.
It had to breakout its 200MA at least.

Anyway don't take a taxi if you missed the train from 5.7k. Prepare for the worst to save your money.
Try to buy after you conferm BTC break its 200MA and reach previous LH($9990).
Buy it more expensive & sell it much more expensive. :)

Note

BTC is heading for its 0.382 retracement from 5.7K.
It's very normal fall back, but I'm not sure it is a healthy retracement in geneal or just a restart a sereal downward.
I'm still waiting for 5.xK. ;)
Keep watching.

Note

On Fib view :
In case of $7830 was a LH and $7440 wa a LL by 2H chart, FIB had been reached its 0.618($7681). If BTC could not breakout 7830, it might drive us unhappy situation.

Note

BTC is standing on the FIB 0.382 & recent uptrend line now.
BTC is supported by 100EMA just on the edge of the recent uptrend line.
If it is possible to make a direction to the upward, it could reach its previous high(7830)
If it fails to goes up, we have to prepare its fall back to 0.686(from 5.7K), $6806.
There is a junction of FIB 0.686 area & the support line of the expanding ascending wedge.
Good luck.

Note

BTC made a descending pennant last week, so BTC is falling down by its pole size.

Note

BTC is forming a bearish pennant, I guess. If I see the right thing, BTC would fall down to $7220.
If BTC break 7410, it has to break $7455(upward channel).

Note

Good bounce. ha
Let's see it could reach $7590. There's a short term uptrend line over there.
Some guys are taking profit at 0.618(from $7283). So, it takes some time to identify BTC's direction. I think.

Note

LL : 7605.0 -> 7282.1
LH : 7282.1 -> 7531.4(Fib 0.778)
LL : 7531.4 -> 7364.1
LH : 7364.1 -> 7488.5(Fib 0.618)
Making LL? : 7488.5 -> 7130.9(Fib 0.5 from 5.7k)

BTC is just under the KUMO. It has to breakout at least 7600.

Note

Ascending broadening wedge is forming I guess. And triangle is also foaming.
Let's keep watching BTC could breakout $7600.

Note

Ummm, Unfortunately BTC is heading to Fib 0.618($6800).
But, 0.618 retracement is very common at the upward market. I think.
So, This Bull run is a real upward market, there will be a big bounce at 0.618.
And there is a Ascending broadening wedge in my chart. APP. 6700 is the support line of the wedge.
Let's keep watching BTC's direction.

Note

Ascending broadening wedge has been broken.
Fib 0.618 also has been broken.
Yeap. It could be a correction for the uptrend, but I'm a bearish from the beginning of this pump.
It could be a bear trap.
Hope BTC could bounce at 5.7k
Good luck

divan1004

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