milkywaybuddha

milkywaybuddha

all fib levels balance. there is confluence with ma's in a descending parallel channel. together with weekly divergence in a highly oversold area with mammoth supply. ie, down then up.

milkywaybuddha

#bitcoin probability of a move upside is strong at this stage. relatively simple invalidation. once retrace levels are hit or even a double top . 14700 seems like the local bottom imo. thereafter a bit of a rally.

milkywaybuddha

rolled over significantly to divergence on the four which imo is enough to tap supply at retracement level. its possible it could keep as its in the middle of a macro trend break to the upside. probability for me leans to the downside until bitcoin taps 14700.

milkywaybuddha

divergence is there however more downside looms. therefore a long play into bearish retracement area has good probability. an area to then flip short with a stop at 50% take of long.

milkywaybuddha

divergence on the four hour and lower is good enough for a long play here before lower lows. same as before

milkywaybuddha

divergence on the four hour and lower is good enough for a long play here before lower lows.

milkywaybuddha

looks like a probability that could play out. either way 14600 seems to be a destination that has some confluence.

milkywaybuddha

bullish divergence on the weekly with 14600 likely for it to complete. thereafter retracement area at 26000 strong possibility.