prly upside short correction to 33-33.5k which is the important proving grounds yellow circle = proving ground green line = bullish outcome red line = bearish capitulation bottom
measured move shown along with shorter term fib levels. upside if volume assists past 43k 47k is my target b4 rejection n to down side it depends it we lose higher lows but fib levels to downside shown with the box
as most of us know or can easily find out/ validate the btc weekly chart and its relation to the 21 period ema has been the most simple yet accurate indication wether BTC is in a bull mkt as it bounces off it as support or the end of a bull mkt is near as it loses support on teh 21ema and fails to recapture it.. conversely it works in opposite ways with the bear...
red dotted down to the cicled area plotted april 30 green up path plotted may 12
resistance / targets 1.20ish. 1.28ish n 1.75 profit target for next leg up.. buncha nice ta to support but also this recent jump/ news has not only brought some life back to the project everyone was scared to touch but now has the chance for that bull market euphoric mania pump that it hasnt seen for real since jan 2018 .. more thorough report to come it just...
Not putting a probability just plotting the path of bullish out come tho i think tomorro night- monday rejects 58k down to 52.5-53k then follow the arrows so theory is we fail soon and fizzle down to 54 ish or move to 58 with weak vol n momentum dying Cme open will be large gap that will dump to fill Sunday night - monday or tuesday bearish lp,ayout starts...
Not putting a probability just plotting the path of bullish out come tho i think tomorro night- monday rejects 58k down to 52.5-53k then follow the arrows so theory is we fail soon and fizzle down to 54 ish or move to 58 with weak vol n momentum dying Cme open will be large gap that will dump to fill Sunday night - monday or tuesday bearish lp,ayout starts...
details on chart and daily chart below write ups for noobs that can learn how n what to look for instead of 6million indicators or god forbid that meme shit butterflys n harmonic patterns
1. first off said this weeks ago the long forgotten nvt thats been spot on since day 3 signaling mkt top n has always warned dump coming with high degree of accuracy 2. the CME gap... yall didnt think wall st n whales were gna let noobs get gains on gains that easy and the gap was that lil sign that made that last run to 12k nice n explosive but also told us he...