Would like to see BTC hold above $59,500 and close out a daily candle in the green to trickle down the bullishness with correlated Stacks NASDAQ:STX , bullish wave back up a few Fib levels as the end of the current macro squeeze is coming up. Been steady sideways accumulating for the past 5 weeks. Bearish scenario it breaks the wedge and dips down to the Lower...
Overlaying Micro and Macro time frames = "Rare Triple Price Channel Squeeze" coming up before Friday the 13th, September 2024. Don't Be Scared! *BTC been in its main, slightly descending parallel channel (Gold Lines) since its last peak end of July. *Also moving up in a slight Ascending Channel (Green Lines) *At the same time it's also in a Descending Wedge...
A simple bullish run up to just the 1st fib level at 23.6% is double your investment if in under $0.40.
Descending Wedge Squeeze since 1/1/2024. Squeeze End Date: October 5th, 2024. Coming off Yearly charted Fib at 0.0%. "Can...you...see?" - Minority Report
Looking at 1 day chart, 200MA, Supertrend = I plotted this Incoming wedge squeeze will make the price pop or drop near Thursday 9/5. Likely down to 23.6% Fib at $10 or up to 61.8% fib at $13.20. Anything could happen though. Selloff down to 0.0% at $8 or micro buying frenzy back to 100% at $16+. ✅RSI is slightly moving up from 40 ✅MACD line is showing bullish...
Can you see the potential October 2023-March 2024 pattern repeat on the horizon? Sitting at 0.0% Fib is a bargain. More upside potential than downside. The next 4 to 6 weeks is critical for pattern confirmation. Of course indicators/fundamentals need to show bullishness before opening a mid term position. SOMETHING TO KEEP AN EYE ON!
Need to see a positive 200MA crossover soon. *Sitting back in the Clearance/Buy Zone (white rectangle box at the bottom). *Opening a position near $13.50 is ideal but anything under $20 Is still a solid play given the potential upside on The Fib Extension. ✅Positive Daily close on the MACD. ✅RSI holding at 51 ✅Positive Daily Candle closing that Wicked above...
***HOT NEWS*** - Binance FLOKI holders will receive CAT airdrop on 8/29 - Last 2 bullish peaks took about 6 weeks. Currently bearish under 200 MA on daily charts bouncing off 23.60% FIB = Bullish momentum building since. Next bullish wave estimate is mid October with a price jump within the Green Boxed range on the chart up past 100% FIB.
This Buy Zone support should be sufficient in pushing back against the bearish dip. Bullish Gap filled.
MDT is setting up for a possible bullish crossover of the 200 Day Moving Average. As backtesting on daily chart when we have seen these positive crossovers its produced very profitable gains. Even a run up to just the 1st fib level is a low risk high ROI position to enter. Good Luck.
Before midnight the price will converge with green/bullish 200MA line. If price falls under this expect a flip to bearish and drop down to last support (filling the bullish gap from yesterday) down to $61,900 zone.
If BTC crosses under the green 200 day then the bears come to play. Don't forget the bullish gap sitting there
Easily a run up to 0.0% Fib above $100 is on the horizon. I doubt a run up to $500 though. I would go with market orders on this position as setting up limit sells creates resistance for yourself and so if you wanna see bullish gaps again like previous TRB Bullish Peaks go market orders. Don't be greedy. Get your preset exits and leave. Be Cautious Jumping Back In...
Run up to 23.6% Fib is doable.Set tight limit exits or sit and watch and sell watching shorter time frames for precise exits.
Solid 23.6 fib support. SuperTrend already bullish confirmation since July. Waiting for positive 200 MA crossover with confirmation for entry.
Coming off solid support from January 2024. I'm waiting patiently for 200 day MA bearish red line to flip back to bullish green & the current bearish SuperTrend blue line flips back to bullish gold line. Blast Off Soon
I don't see this dropping down to 0.0% Fib. Low risk/High Reward Position on the table.
Bouncing up off strong support zone. Low risk run up to range of at least 23.6% fib - 36.8% ($2.38 exit for 1st TP)