malobaid66

malobaid66

Will BTC break and hit 17.6K or will it get rejected again and continue this downtrend

malobaid66 Updated 

After the last leg up to 21k, I see two scenarios happening in the near future. Scenario 1, 4h chart: - BTC goes for one last leg up to 21100 producing a higher high on the micro scale of the chart then nukes to 17k target. Scenario 2, 4h chart: - BTC goes to 20800 producing a lower high to the previous 21k high, and continues a downtrend. which leads to the...

malobaid66

Triple top. Over bought on the RSI. MACD touching same resistance since Feb. This is a great short setup imo.

malobaid66 Updated 

BTC 4h chart just completed a reverse H&S pattern which is bullish for the short term. Above is the untouched liquidity, the price has to go up there at some point. I have my targets between 20500-21100.

malobaid66

First, the rejection at the 0.786 then double rejection at the 50-Day Moving Average. Patience is key.

malobaid66

BTC has been going through this macro downtrend for months (yellow line), based on that and Fib extension from the previous high and recent low from today I can see a pump to 19800-19600 touching the 50 day moving average then a huge dump to 17k.

malobaid66

This is a better view of the RLC on the daily. MB!

malobaid66

RLC’s symmetrical triangle is coming to an end and we might see a $1.8-$2.2RLC within a few days once it breaks out. The target is from FIB 0.786-0.618 starting from the beginning of the upper trend of the symmetrical triangle to the beginning of the lower trend of the symmetrical triangle.