Okay we touched 13k last night which is great news for the bulls. I see some resistance above the candles now around that fib. I also see the former uptrend that was resistance will now likely act as support which led me to draw out this pennant. It may be invalidated within hours but If It does stay in the pennant I see the candles being coiled inside and popping out towards the end. Just keep an eye on it. BTC is volatile which means it can go down also LOL. that may be hard to believe. But WTFDIK?
Nailed it again! 10800/11200 strong support for due correction
Since i decided to publish my ideas 2 weeks ago to help others because i thought its the time for btc and i am really impressed for how accurate they are one after another.
And now like i said many times before that we are in strong wave 3 since from 7800 this wave should take a break between 12/12500
Now btc hit 12900
I also published another idea for classic bearish div on daily which is going to confirm the break and retrace for a bout a week range
But i still calling for the strong support according to my previous idea between 10600/10800 and 11000/11200 area is going to be the area from where btc should not break it after we hit 12/12500 and this is very important to resume climbing towards previous ATH at least for now and if it didn't happen expect the blood
Just in case we got the reverse I expect the behavior for next wave to be similar to the last one from 7800 or even sharper.