BTC - Bullish MA13/30 crossover and expecting further upside
The Two day shows the following interesting setup
a) BTC has pushed to the top of the trading range at the 30500 area.
b) The MA13 /30 have crossed bullishly on the 2D chart .
c) The last candle on the 2D chart is an extremely bullish candle .
d) The large Bullish candle has supporting volume at the bottom of the chart and all is congruent ,
Considering the points above this current BTC setup looks aggressively bullish to me .
Take the MA13/30 crossover for example.
A look at the chart below shows when the MA13/30 bullishly cross on the larger time frames there is significant movement upwards.
Likewise if the MA13/30 cross bearishly on the larger time-frames there is significant movement downwards . An example of this behavior is shown on the chart below
Another point is if the wyckoff methodology is applied then Id expect two possible scenarios :
a) BTC is going to consolidate in the area of the top of the range
or
b) BTC is going to break above the top of the range at the 30500.
Hence my thought is the next move may look something like this
or this
What if this is a Bulltrap and BTC is going to go down further ?
....Then Id expect to see BTC drop below the midpoint of the large candle as shown in chart below .
a) BTC has pushed to the top of the trading range at the 30500 area.
b) The MA13 /30 have crossed bullishly on the 2D chart .
c) The last candle on the 2D chart is an extremely bullish candle .
d) The large Bullish candle has supporting volume at the bottom of the chart and all is congruent ,
Considering the points above this current BTC setup looks aggressively bullish to me .
Take the MA13/30 crossover for example.
A look at the chart below shows when the MA13/30 bullishly cross on the larger time frames there is significant movement upwards.
Likewise if the MA13/30 cross bearishly on the larger time-frames there is significant movement downwards . An example of this behavior is shown on the chart below
Another point is if the wyckoff methodology is applied then Id expect two possible scenarios :
a) BTC is going to consolidate in the area of the top of the range
or
b) BTC is going to break above the top of the range at the 30500.
Hence my thought is the next move may look something like this
or this
What if this is a Bulltrap and BTC is going to go down further ?
....Then Id expect to see BTC drop below the midpoint of the large candle as shown in chart below .
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