BTCUSD - Bullish Case from here w/out big retrace

BTC could go bullish from here, but it would need to do a few things to make a convincing case.

So far the bulls are claiming the .236 around 37200ish as support, and also the 36500 support has held. Those would probably need to hold if the bears step in and try and push us down.

The bulls would need to push us up through the downtrend in red, and establish support on top of 42500ish.

This could potentially play out as a big bull flag off of the bottom of this current move from 29k.

That would potentially take us to 52k and beyond.

So, here is a bullish case for you, in addition to a bearish case posted recently.

Thank you!

Trade active

and here we are, trying to break out from the trendline as it acts as resistance for right now.

Trade active

they are attempting to break the trendline now.

Trade active

Bullish so far! Higher High!

Trade active

We hit a big milestone - I think my trendline wasn't drawn completely right before - I think we are at the trendline now - we're at the 20 week MA, and the 200 MA on the daily. Looking like a retrace.

Note

I do have plenty of updates and material, but I have been doing that elsewhere. So, if you haven't interacted with me outside of here - this message is not for you, don't worry. Hey selective memory man, please quit stalking me via tradingview, have a PR, and go F yourself. Lol.

Trade active

we are trapped in a rising wedge - not sure if we can gain enough momentum to bust through.

Dawnchorus

Related publications

BTC/USD A local head and shoulders would fill the CME Gap

by Dawnchorus

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