BTC broke major downtrend line 2 months ago and now is consolidating above major resistance turned support. As long as $10.5k holds, bull case is stronger than bear. Given BTC's history, I am not expecting a slow grind up, rather I would expect a rapid 5 wave expansion to $20k, as was saw in summer 2019, when BTC ran up from 3k to 14k.
Monthly picture looks...
Daily range for two months that has is being compressed and a break either side imminent.
Bull break expected, potential re-accumulation.
Finding support on large double daily Ichimoku Cloud
Bullish quarterly and bimonthly close on July 1st
Price consolidating between major trends lines that define the BTC bear market. Only a matter of time until the 10k...
Market structure converging with time. BTC has to make a decision, probability favouring the bulls. Expecting the BTC bull market to initiate this summer and most likely the last BTC bull market.
The break of either line will be the macro signal for the future direction of BTC.
Just respected the major 3-4k demand zone with a V shaped bounce back to the mid range.
BTC macro market structure is now becoming respectable by showing clear demand at the 3-4k zone. I don't see the market touching this level again.
The probability for the final BTC bull...
2D Triple Bottom forming on 200MA and on 6K floor support
OBV tending upwards against the triple bottom
Stochastic divergence showing
Market close to downtrend line
Falling wedge lasting 6 months, apexing into major 6k floor support. Time cycle mirrors the bull trend from the 3k bottom to 2019 top. 2D finding support on 200MA.
6K floor taken from on this 2M block that preceded the major down move to 3k.
12D respecting the 6k floor/2M block perfectly, printing a buy setup with a large bullish Doji candle.
5D finding...
Kumo twist on the daily cloud.
Price has bounced off support, flattened out, made a higher high and higher low. Reasonable target is the supply that was tagged in January.
Strong volume coming in over the last week, as seen on the OBV oscillator.
Price consolidating above 12H cloud. Structure similar to the pump in January. Expecting a similar move into...
Adam & Eve bottom formed.
Testing supply for 5th time.
Expecting a break to the next supply zone for a distribution and then a retest of the new demand floor.
Bull run to begin summer 2019.
Price above green cloud; Expanding bullish cloud; Bullish TK Cross; Bullish Chikou Span; 42 days above the cloud;
128 days spent below supply without a bearish continuation.
5th time tapping supply.
Monthly Heikin Ashi candle closing as a doji in 24 hrs.
2W OBV Oscillator at 0.
Market moving strong into this supply zone, next significant resistance is the supply zone near the highs. Given the potential momentum this market will have approaching the upper supply zone. I expect the market to take the highs, distribute and close within the upper supply. Target just above the highs.
Very clean chart with little consolidation to date. Hence,...
FCT-BTC pumped 700% late 2018.
Looking for a 300% continuation trade into the supply zone.
The 2W price action looks bullish.
Price has retraced 61.8% of the previous impulse move, into demand.
The 2W Heikin Ashi candle has printed a doji. Given the huge impulse move prior, the probability for the bulls to enter here is much higher.
Trade may take a few...
