Bitcoin - Price stopped and reversed exactly at the expected Fib cluster zone at the ideal time ratio for wave 2, the 61.8% level !
Other bullish signs are the push above the 200 MA (black), the fact that price bounced of the middle channel line and broke through the upper line.
Bullish divergence in RSI, confirmed by MACD where we have a cross-over and a clean Morning Star candle formation !
This could be the first wave of larger wave 3 !!!
Everything here is screaming "buy me"!!!!
It would really be a shame to not buy in at least a bit even if it doesn't play out.
The technical setup is just perfect.
------------------------------------------------------------
If price goes below 7K, we need to consider the correction is not yet over and correct our count.
------------------------------------------------------------
Previous post : finding the bottom
Other bullish signs are the push above the 200 MA (black), the fact that price bounced of the middle channel line and broke through the upper line.
Bullish divergence in RSI, confirmed by MACD where we have a cross-over and a clean Morning Star candle formation !
This could be the first wave of larger wave 3 !!!
Everything here is screaming "buy me"!!!!
It would really be a shame to not buy in at least a bit even if it doesn't play out.
The technical setup is just perfect.
------------------------------------------------------------
If price goes below 7K, we need to consider the correction is not yet over and correct our count.
------------------------------------------------------------
Previous post : finding the bottom
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Note
1H chart - We could be in this ABC wave 2 correction and so go down to 8900-8350 first before going back up !
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Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
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Thanks !
Related publications
Disclaimer
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Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Related publications
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.