BTC (Y19.P2.E8).Still Bullish

12 thg 11, 2019

I'm still bullish at the micro level and macro level (refer to the video link below for explanation)

Observations for short term:

> We have a BULLISH divergence on the 4 HRLY chart
> We have an engulfing bullish candle on the 4 HRLY chart after a spinning top at the support level
> We have what seems to be a BULLISH wedge formation
> We have confluence as support fib.fan 1/3 at the macro level
> Note buy zone might have to be raised another $100 as the bullish div. might kick in


Conclusion:
> Immediate target top of wedge, 8990
> Breakout of wedge, immediate target 9450



DAILY Chart: Note how fib.circle (ring) acting resistance. 1st major ring resistance broken, 2nd ring resistance to be broken


Video links for MACRO overview

14 thg 11, 2019

Ghi chú

14 thg 11, 2019

Ghi chú

Update:
The price has hit another support fib.fan line and got a response, question is will it hold. Unlikely.

15 thg 11, 2019

Ghi chú

more updated information and what looks like a spinning top candle stick, meaning a reversal. Note the 8500 touch response, which is approx. fib. level 0.5. Not surprisingly it has confluence on my pre-dawn channel, and support lines which in October had a bounce off 7800 level to 8600. I'm expecting another major move as well.

15 thg 11, 2019

Ghi chú

Note, morning star on the 4 HRLY

15 thg 11, 2019

Ghi chú