BTC _ Alternate Path to 74xx
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15 min version with the same colors as the daily
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A head and shoulders at the bottom makes sense to reverse poor old BTC back up to greener pastures ..
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Also a clever way to break some shorts and longs ...
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so this move up has to be a Bull -Trap
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heading towards 6532 ...
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keep an eye on this 15 min graph above as it updates quicker . IF BTC crosses the green line above then its probably genuine and BTC is being honest about moving up ...
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updated graph and made the green line longer so BTC can find it..
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there are a few options here ...
There a H and Shouiders up to 67xx and theres also a 9 wrapping up on the 4 hour which could lead to a 1-4 candle movement down .
The other option is after the 9 candle wraps up BTC sets off a new count in the upwards direction to complete the H and S.
- The 9 candle wraps up in another hour then we will know.
There a H and Shouiders up to 67xx and theres also a 9 wrapping up on the 4 hour which could lead to a 1-4 candle movement down .
The other option is after the 9 candle wraps up BTC sets off a new count in the upwards direction to complete the H and S.
- The 9 candle wraps up in another hour then we will know.
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......if BTC break lower than 6495 then it will most likely be a visit to the 632x area .
But ....
If BTC remains above 6500 its going to complete the head and shoulders by heading to the 67xx area
But ....
If BTC remains above 6500 its going to complete the head and shoulders by heading to the 67xx area
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Either way ..Iv'e a suspicion BTC is heading to the 74xx area - its just being sly about it by taking a disguised path so as to wreck a few shorts and longs along the way ..
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Im going out on a limb here and stating that BTC is going to move past the 67xx area ..its been hovering in this zone for so long its going to move up past it . Plus that Head and shoulders is too good a deal to pass on ..buckle up and get ready for the move up.
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6652 currently but this move is incomplete till there a candle closing above 67xx or 71xx
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Note : BTC can drop as low as 6514 and still recover
Dropping below 65xx is a problem
Dropping below 65xx is a problem
Here is the 15 mins version ,,,Hmmm makes me wonder