KEY monthly level hit for CRYPTOCAP:BTC at 38.5K If we find support here we should go back to the VAL area of this whole downtrend which sits at our previous Range-low structure. $ 40 300 If we see reversal candles around that area we should look at our next quarterly target at 35.2K If we go back above 40.3K we will retest the POC level at 42.7K. Go above that...
Bitcoin is perfectly following this wyckoff pattern and we should meet our next targets in the coming days/weeks as the halving is coming closer ( April 18th ) : Next KEY levels : - 15+ billion liquidations are sitting around 34K on the Bitcoin heatmap - 35K is our next key monthly support level - 34.5k is our next POC level - Daily 200ma sits currently right...
If we close this month above 23.3K We're going to our next monthly closure resistance at $35K which is also our next 0.382 fib retracement.
The moment we retest this range as support & trade back above the 200WMA is confirmation that the bullrun is here ! Touched 25.2K at our range high & retraced instantly. Lets see if we can cool off here & roll the money into alts OR if we see a higher high & breakout this sideways range bottom structure
#bitcoin scenario if we lose the mid-range. Probability to go back towards 18.9K at the 0.618 fib retracement before seeing 30K again before summer.
Wyckoff accumulation bottom structure is finding place here. Finding support on mid-range now.
Looking for a pullback between the next monthly & weekly closure supports around $20905 & $20490 Beautiful 0.382 fib support as well !
Still in a healthy retracement if we hold this level. Eliot wave structure is finding place & we're now trading in a bullish descending channel for our final 5th leg. Very important that we hold support here as the weekly is also on a very important trendline atm.
Weekly is looking ready ! Beautiful trading above the 8EMA Touched the orange box support zone perfectly. We go up from here to 6K & 7.8K as a top for this cycle.
Bullish falling wedge ! Next stop 1.618 fib extension at the daily close resistance at $335
Ranging between 2 zones. broke out & retested that upper channel as support + retest symmetrical triangle support line. Looking good ! Next target 1.618 at $74 500
Beautiful 15day consolidation before we're heading to $72K next at the 1.618 fib extension
XRP looks extremely good if you compare it to the structure in history. Same pattern same outlooks soon. Next target is at the 1.618 fib extension around $4.3 Ascending triangle in play !
Forming an inverse head & shoulders back to the all-time high.
Bitcoin is showing lots of strength here. Again trading above the trendline & going to the last monthly close at 58.8K
it's really that simple. still trading in a bullish descending channel Forming a 5th eliot wave down to the 0,618 fib retracement level of this whole move. All indicators are bullish.
beautiful bull flag on the daily timeframe + found support on previous resistance (blue box)
Bigger rising wedge is still in play. We're now making lower highs & forming a descending triangle. If we lose the grey box we're going to the next grey box at 44K.