IS BITCOIN ALMOST READY TO BLAST OFF?
Updated
Dear Traders and Hopeaholics alike,
as the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS (or HA for short) I give you BTC 16K annnddd NEW ALL TIME HIGH of 21K :).
Right now they are going to be reading this post and shouting HA HA HA HA HA everywhere I go. But as the President and Founder of HOPEAHOLICS ANONYMOUS, don't let me be the one to have the last laugh...
If you are in the industry (Crypto one that is) like me, you know that CRYPTO BITCOIN offers HOPE, it offers the possibility of a more secure and transparent future of money, one that is fully traceable, one that allows you to hold and secure it yourself without relying on a third party that may or may not be there in the future. IT ENABLES FULL CONTROL OF YOUR MONEY!
THE TECHNICAL STUFF
BTC has NOT broken support, in fact we have bounced each and every time off the diagonal support, we are also about to make a stop run to around 7k for a liquidity grab, then more than likely, the community will turn BULLISH and the whales will take it down one more time to complete our Elliott wave pattern. Lower wedge support is around $3700-3800 range. This is the 0.88 FIBONACCI range which BTC loves to correct to. (we did this from the ATH) Our 3rd wave retrace target has corrected to 0.78 FIBONACCI. Our correction was also a result of rejecting the parabola, so I believe we are going to 16K to retest and attempt break through only to feel the rejection at this region again.
THESE RANGES ALSO COINCIDE WITH LONG TERM DIAGONAL SUPPORT FROM AROUND 2015 - this was the start of our bull run as such.
If this region fails to hold and find support of the buyers, our next support is $3,200 range which was the bottom of this run. I am okay with a wick breaking through to this region for a strong bounce.
**********************************************
NOW ASK YOURSELF THIS - IS THIS SATIRE OR ENTIRELY POSSIBLE?
I'll let you make that decision for yourself, as you are pushing the buttons. BUT let me tell you this... at HOPEAHOLICS ANONYMOUS and in my world... ANYTHING IS POSSIBLE!!!
SHOOT FOR THE MOON - EVEN IF YOU MISS YOU'LL LAND AMONG THE STARS !
**********************************************
If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT IT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns.
So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED!
And remember, there is NO RIGHT OR WRONG in trading - just money management!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
as the self-proclaimed President and Founder of HOPEAHOLICS ANONYMOUS (or HA for short) I give you BTC 16K annnddd NEW ALL TIME HIGH of 21K :).
Right now they are going to be reading this post and shouting HA HA HA HA HA everywhere I go. But as the President and Founder of HOPEAHOLICS ANONYMOUS, don't let me be the one to have the last laugh...
If you are in the industry (Crypto one that is) like me, you know that CRYPTO BITCOIN offers HOPE, it offers the possibility of a more secure and transparent future of money, one that is fully traceable, one that allows you to hold and secure it yourself without relying on a third party that may or may not be there in the future. IT ENABLES FULL CONTROL OF YOUR MONEY!
THE TECHNICAL STUFF
BTC has NOT broken support, in fact we have bounced each and every time off the diagonal support, we are also about to make a stop run to around 7k for a liquidity grab, then more than likely, the community will turn BULLISH and the whales will take it down one more time to complete our Elliott wave pattern. Lower wedge support is around $3700-3800 range. This is the 0.88 FIBONACCI range which BTC loves to correct to. (we did this from the ATH) Our 3rd wave retrace target has corrected to 0.78 FIBONACCI. Our correction was also a result of rejecting the parabola, so I believe we are going to 16K to retest and attempt break through only to feel the rejection at this region again.
THESE RANGES ALSO COINCIDE WITH LONG TERM DIAGONAL SUPPORT FROM AROUND 2015 - this was the start of our bull run as such.
If this region fails to hold and find support of the buyers, our next support is $3,200 range which was the bottom of this run. I am okay with a wick breaking through to this region for a strong bounce.
**********************************************
NOW ASK YOURSELF THIS - IS THIS SATIRE OR ENTIRELY POSSIBLE?
I'll let you make that decision for yourself, as you are pushing the buttons. BUT let me tell you this... at HOPEAHOLICS ANONYMOUS and in my world... ANYTHING IS POSSIBLE!!!
SHOOT FOR THE MOON - EVEN IF YOU MISS YOU'LL LAND AMONG THE STARS !
**********************************************
If you are unsure of direction or feel you are over trading I have a moto. IF IN DOUBT SIT IT OUT! There is no shame in not being in a trade. Stick to your game plan, wait for a set up to be confirmed, and ONLY take a trade if it all aligns.
So please I welcome your comments and CONSTRUCTIVE FEEDBACK - ALL HATERS WILL BE FLAGGED AND REPORTED!
And remember, there is NO RIGHT OR WRONG in trading - just money management!
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimize your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
<3 Lisa
DISCLAIMER:
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
Note
mid 3s after minor bounce, then potential reversal
SUPPORTS MUST HOLD for this pattern to play out
Note
BTC moving strongly in pattern :) Note
I'd like to see some sideways consolidation in this region before heading higher to targetNote
BTC 7K TARGET reached we have also hit the 100MA on the 4hr chart, we either need VOLUME or sideways and support to hold and 8k is possible. NEXT WAVES will tell us direction Note
BTC must hold lower red support - I am ok with this breaking by a wick to $4,800ish then my target is $7,777 to 8,000 range OR 200MA rejection on the 4hour chart! A break below $4,800 will cancel this pattern and we will drop lower Note
BTC still following pattern, we should have one more wave lower before another wave up to target Note
In the final stages of the internals for Wave 4 right now Targets on second chart here
Note
Pattern break is around $8,400Note
Updates on new chart 
Note
BTC is starting to look like a LEADING DIAGONAL pattern which will take us to the BULLISH pivot (and hopefully beyond)
Note
We are closing in on the BULLISH PIVOT at $8,425if we can break this region LONG TERM RESISTANCE is $10,200
Note
#BTC So apparently something happened while I was sleeping... 🤑🤑🤑MAGNETS and ROCKETS FULLY ACTIVATED
🚀🧲🚀🧲🚀🧲
I have marked resistance zones, we are at one now - $10,200 is the Target which is long term resistance
$10,495 with FOMO added 🤘🤓🤟
❣️Lisa N Edwards❣️
TRADE MY SIGNALS
gettingstartedincrypto.com/
LISABOT.TRADE
TTMBOT.TRADE
thousandtomillions.com/
ALL MY LINKS linktr.ee/LisaNEdwards
TRADE MY SIGNALS
gettingstartedincrypto.com/
LISABOT.TRADE
TTMBOT.TRADE
thousandtomillions.com/
ALL MY LINKS linktr.ee/LisaNEdwards
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.