BTC (Y20.P4.E3).Price action levels to confirm continuation

2 בספט׳ 2020

Hi All,

Review the progress of BTC price action, we have this localized formation within the daily.
If the pattern looks familiar, it is as a fractal from last year, which turned out to be very bullish.

Looking at the bigger picture, this micro level seems to fit well in the bigger picture, where the fib. levels are applied matching the resistance and support levels.
I let you be the judge.

For now, I have this fractal taking place from 2019 but in a smaller scale. Hence I'm still bullish.
Note, the previous post also has relevance to this chart from a different point of view.

Short term, downward pressure on the 8 hrly, this layer must hold and its likely to.


On the 2 daily chart and up, we have the indicators showing upward pressure.





2 Day chart indicators showing upward pressure


Another way at looking at the fractal, different chart



Please give me a tick or like for this presentation.


Regards,
S.Sari

2 בספט׳ 2020

הערה

2 בספט׳ 2020

הערה

going back to my previous post, I had a similar forecast and now I'm expecting if BTC to be bullish, it will do this. Otherwise I think it will go down if this doesn't hold.

2 בספט׳ 2020

הערה

Looking at the previous update, and now, once that level was broken, it steamed rolled down, triggering all the stop limits. The bottom range proved to again as high demand\strong support so we expected this to be where the bulls would jump in.
Now the bulls have to defend this area, that is the bottom layer, it will be challenged a few times.
I have this fractal funny enough and it will be interesting if the BOTs repeat.

3 בספט׳ 2020

הערה

This drop has given the opportunity to open the 10500 to 10800 door.
Since we failed to equal 12.4k , it now looks more like the wykoff top layer distribution and that started at 10200 range which I know many traders are looking to enter.

3 בספט׳ 2020

הערה

Can it be another way to shake the week hands