lil messy but BULLISH AF ON BTC
Updated
I went crazy when I saw the strength of 46k, then it broke.....
and now there's potentially even stronger support at 34k (around 0.4X stronger then 46k)
I say potentially because I'm waiting on the data I ordered to double confirm on the blockchain
the white and pink dotes are exactly where the strength is
---------------------
when you look back at when we were at these levels for the first time a few months ago we see that 31k (the orange dots) was created and it was the support line that pushed BTC above the 38k resistance and right to 60k.
we see here that its confirming 31k support again jumping right up after we were under 30k for a few min if this breaks on the weekly we will crash.
but i see long term support lines (3 red lines) coming for the save added onto 31k support and a potently stronger support created at 34k
-------------------
if we fall from these levels I believe that it will be the last fall (none of this is investment advice)
if we break 65k on the weekly its over for the bears
first step is breaking 40k on the weekly
second step is breaking 46k-48k on the weekly
3rd step is breaking and maybe staying around 55k-57k till it breaks 65k
and now there's potentially even stronger support at 34k (around 0.4X stronger then 46k)
I say potentially because I'm waiting on the data I ordered to double confirm on the blockchain
the white and pink dotes are exactly where the strength is
---------------------
when you look back at when we were at these levels for the first time a few months ago we see that 31k (the orange dots) was created and it was the support line that pushed BTC above the 38k resistance and right to 60k.
we see here that its confirming 31k support again jumping right up after we were under 30k for a few min if this breaks on the weekly we will crash.
but i see long term support lines (3 red lines) coming for the save added onto 31k support and a potently stronger support created at 34k
-------------------
if we fall from these levels I believe that it will be the last fall (none of this is investment advice)
if we break 65k on the weekly its over for the bears
first step is breaking 40k on the weekly
second step is breaking 46k-48k on the weekly
3rd step is breaking and maybe staying around 55k-57k till it breaks 65k
Note
weekly closed above the white line @ 34k were looking good, now we need a weekly close above 40k to officially confirm the bounce up to the next channelNote
wasn't really a weekly close above the doted line at 40k, braise for impact and wait for another weekly close above 40k to confirm the move up.34k is very strong
31k is even stronger
we cant close weekly under 31k no matter what
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