BTC next move soon! 45k coming in few houers.Looks like we need to take shorts out before major crash. This idea is an update to my last one, where i said that we could be coming down. Firstly we will go up.
45k
BTC Need Breakout 45K for Bullish Movement 9/25/2021It needs to breakout 45-45.5k for bullish movement.
This is my first test idea on BTC chart. Let's see what will happen.
Rising wedge acting as supportThe previous trend line resistance for the wedge is now acting as support as go into the mid and upper 40's. This is normal for a s/r to flip however what I find weird is the candle we saw earlier dipping inside the wedge and bounces off the support.
Previously I had stated that the 10-11th of august is a deciding day for BTC as we are likely to test the 200dma and it is the meeting point of the wedge.My fear is that the candle earlier exposes weakness in the support and that if tested again we may fall into the wedge where we remain before falling down. This ties into my previous idea about supply takeout and how if we don't reclaim this area we bounce down. The wedge deadline gives us time and actually supports us up to this area while still providing an area for us to fall.
Also previously stated that if 45 is not claimed then we may see a down fall quickly diving into the many fvg we have left on this quick assent. While I remain neutral I'm still very open and more opposed to any idea that 45k will be an easy absorption
BTC- long or pullback levels spot/levBTC stations at 42, 45 and 50k. After calling out the bottom, also rsi had broken out of the TL>After breaking out from the super imprtant Tline, rounded fr simplicity. station 1 is done. more importantly 200 d sma at 44800 needs to be smashed to bits. super important. on way down 21 week ema at 39670 to offer support
This is Wave 5 subwave 3(I) in progression the most violent one yet to come
Fibs and resistances given for spot/futures
Bitcoin spring starts tomorrowBitcoin spring starts tomorrow
30-45
Do not fall into the trap of shadows
