We have a SOLID break out!We are back into the BULL CHANNEL and are testing higher. If we can break the descending triangle we have been in since MARCH 13th we WILL be on our way to new ATH VERY SOON!!! WATCH THE 57800 ZONE!! IF WE BREAK OUT WE ARE LOOKING AT A MEASURE MOVE AT LEAST UP TO 63.5-64k where we will test another break out! GET READY!!
ATH
NEO ATH TestGood day Traders. Neo the hidden gem with a diamond bottom will test ATH within the next month or so, Its busy gearing up for a big move. Not financial advice, just my thoughts right now. Please leave a like if you agree. Or let me have your thoughts below. Cheers for now.
BTC ELON MUSK + FUTURES BREAKOUT: new ATH coming!BTC EMERGENCY UPDATE: BTC was on its way to the low 50s untill a certain guy called Elon Musk tweeted you can buy Tesla's with BTC ; starting today. More importantly, the bitcoin that they will get from selling cars will be stored in their treasury and will NOT be converted into fiat! This means the ABC correction is now completed and we are about to breakout of a HUGE triangle.
BTC FUTURES EXPIRATION: More importantly; the futures are set to expire on Friday; with a high BTC price a lot of people will buy their option; meaning they will buy BTC; which will make the price go up even more!
USA WAKING UP NOW: also one important factor: most of the USA is still asleep and they wake up (now) to a Musk tweet and BTC pumping. They will most definitely fomo in, so Im quite sure we will push back into the 58K area today.... with more to come this week. (ps: sorry for my messy chart, wanted to do emergency update :)
TARGETS: 63K, 66K, 68K // yes this is a crazy bull run, I love it!
IMPORTANT: this is not financial advice, trade or invest at your own risk and research. Good luck!
ATH potential long opportunity with good risk to reward ratioHad a gap breakout to all-time on the 8th of March
Retested minor support and formed a pivot low on the 11th of March
Had a mini-breakdown failure from consolidation at minor support on the 19th of March
Had a wide range igniting bar on the 22nd of March and an inside bar on the 23rd of March
Good long entry if it takes out high of wide range bar with potential to make new highs
Finally in the zone of interestFrom overbought ATH around 61780 price fell down to oversold and showing us bullish divergence on 4H RSI. When we consider strong support FIBO zone around 52.4K we get great probability for trade with minimal risk. Longs positions are starting stabilize too. (green line above charts). After all of that I will still opening only a small position of my account to leave room for further maneuvering :D Because the price CAN have many obstacles upwards (56500,59300,60000 and ATH.)
15% of account i long at market price.
Comment below where you will buy or maybe where you will short: D
And if you agree like.
I will update this idea in close future so if you want, follow me.
ROAD TO 60K and beyond ?After the uptrend breakdown and retest, BTC is back to the support area at 53300. On its third shot, BTC might break above 58200 to finally reach a new ATH!!
Looking for that bat pattern to get filled.
Daily chart: Ascending channel, price corrects at 0.5 fib level, filling orders set at support area to form a new impulse!