I really dont understand way nobady is talking about this big support on the weekly timeframe. At the beginning of 2021 we had correction of 26% and we bounced back from the support and went up 50%. After that we had correction in september of 2021 and we went 18% down which is 8 % less then first corection, but after the retest we went up 60% which is 10 more then first corection. And at the moment we have our third correction and we went down 10% whith is (again) 8% less then the second correction.
After the first bounce we got 50% pump in 8 weeks, after second one 60% in 8 weeks and are we now getting 70% in just 8 weeks??
This is way i got in my big long postion at 43.1k and my first take profit is on 53.3k which is the target of this W reversal pattern.
This is not the only reason way i opened this long position because we have huge hidden bullish divergence on the daily and somthing very nice on the 4 hourly as well, but i am going to make another post about it.
What do you think about this W reversal pattern?
Feel free to leave a comment.
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!!!
After the first bounce we got 50% pump in 8 weeks, after second one 60% in 8 weeks and are we now getting 70% in just 8 weeks??
This is way i got in my big long postion at 43.1k and my first take profit is on 53.3k which is the target of this W reversal pattern.
This is not the only reason way i opened this long position because we have huge hidden bullish divergence on the daily and somthing very nice on the 4 hourly as well, but i am going to make another post about it.
What do you think about this W reversal pattern?
Feel free to leave a comment.
If you like my ideas please follow me and like the post because i am posting every day and you can find always something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
BTC TO THE MOON!!!
MP