BTC (Y20.P5.E9).Price Action Looks bullish
Updated
Hi,
Just making this short.
With my updates on the previous BTC posts, I have been indicating we have a good chance to break this ATH for this year.
Here is the bullish scenario using Wyckoff reaccumulation schematic 4 example.
The only concern is the volume but that to can be increased if it breaks the top.
There is a possibility of a double top however looking at the MACD on the 4 hrly makes that possibly less.
Currently I cant see any bearish divergences on the mid range time frames. If anything a hidden bullish divergence in the making
BTC dominance is also on the rise.
Obviously if you haven't jumped in now, its better to wait for the pullback what ever that is.
What are your thoughts?
All the best.
Regards,
S.SAri
BTC Dom chart
Just making this short.
With my updates on the previous BTC posts, I have been indicating we have a good chance to break this ATH for this year.
Here is the bullish scenario using Wyckoff reaccumulation schematic 4 example.
The only concern is the volume but that to can be increased if it breaks the top.
There is a possibility of a double top however looking at the MACD on the 4 hrly makes that possibly less.
Currently I cant see any bearish divergences on the mid range time frames. If anything a hidden bullish divergence in the making
BTC dominance is also on the rise.
Obviously if you haven't jumped in now, its better to wait for the pullback what ever that is.
What are your thoughts?
All the best.
Regards,
S.SAri
BTC Dom chart
Note
Note
I believe this could be the main resistance. Hitting my logarithmic fib level.Note
After hitting the target, a pullback is expected like this, looking good for more new highs. Also noted the volume...nice.Note
When you don't have a daily close below the daily 21 ema, that's bullish.
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