BTC bull scenario 22nd of June 2022
Updated
Hi guys,
BTC went lower than I was expecting on my previous analysis ( under 19.300$ ) but recovered and is currently trading over the 20k $ levels. As long as we manage to keep this level we are still on our way to surpass 100k in the next 6 to 8 months. Invalidation level remains a weekly close under 19.300$.
Happy hunting !
BTC went lower than I was expecting on my previous analysis ( under 19.300$ ) but recovered and is currently trading over the 20k $ levels. As long as we manage to keep this level we are still on our way to surpass 100k in the next 6 to 8 months. Invalidation level remains a weekly close under 19.300$.
Happy hunting !
Trade active
on our way, 22k todayTrade active
scenario still validTrade active
over 22kTrade active
over 23kTrade active
5 waves leading diagonal & ABC that puts the price at 20.700$, it’s the make it or break it moment, counting on make it. Happy hunting guys, it’s now or never
Trade active
finding support over the 22.500$ on the correction, if we see the breakout here, next is 29k regionTrade active
following the path, the 24k levels look like a big resistance, patience is keyTrade active
We have reached the median part of the channel as per our previously made plan. It's highly probable to maybe see a breakout try. If we get rejected most likely a final visit under 20k is in play. Afterwards we're targeting the upper side of the channel. Same if we manage to establish support over on the upper side of the channel.Trade active
as previously calculated, rejection at the median part of the channel, let's see if we get another 20.700$Trade active
As I was saying 3 days ago, we got the expected correction with a short visit to the 20.800$ area ( was thinking 20.700$, came close). Now the reset should be over. Excited for the next leg up (if the plan works out entirely).Next stop 29.900$
Trade active
support at 20.800$ seems to hold, we can expect a fakedown but opening longs here, will double if it goes lower.Trade active
got the takedown to 19.300$, doubled longs, currently at 20.700$let's gooooo !!!
Trade active
We're seeing a push to 22.400$ area and a normal slight retracement. At this moment in time and price I consider that going back under 20k is not probable anymore. Will continue updating.Trade active
Went lower than 20k again, touched briefly 18.200$. Still holding my long position open, I want to seen a green close on the weekly (over 19.600$).Trade active
hi guys, tomorrow we will find out for sure if this plan is sustainable or not. Bitcoin did a full fibs 1.236 correction and should be bouncing here. The only other type of correction would be an expanded one to 1.618 fibs that would put it back in the 4000$ area. Because there are no other scenarios I believe the bottom to be in (since June actually - now we are seeing a higher low on the weekly ). It's make it or break it time. Go bulls !
Trade active
We got the breakout we were waiting for. Now we should see a retest of the 19.800$ area. If it holds it's game on.Trade active
19.800$ held, currently at 20.800$, moved stops to 19.600$Trade closed: stop reached
got stopped at SL, will do a new chart, looking for a bounce from the lower side of the channelTrade active
I'm back in this, seems FTX crash was a black swan event that pushed the timeframe by 3 months, we're back on support now, let's see if we get the full extensionTrade active
23kTrade active
25kTrade active
29k after a short visit to 31.200$Trade active
Retraced to 0.38 fib at 25k area and bounced back to 29k, it's make it or break it season again. If bull=then 36k next.
Trade active
got to 35k ...let's see if 36k is key resistance
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