BTC _ Alternate Path to 74xx

BTC _ Alternate Path to 74xx

הערה:

This is the exact pattern that was run on the 15 mins candle before the bump up .

Here is the 15 mins version ,,,Hmmm makes me wonder

 

הערה:

15 min version with the same colors as the daily

 

הערה:

A head and shoulders at the bottom makes sense to reverse poor old BTC back up to greener pastures ..

הערה:

Also a clever way to break some shorts and longs ...

הערה:

so this move up has to be a Bull -Trap

הערה:

heading towards 6532 ...

הערה:

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 ...

הערה:

updated graph and made the green line longer so BTC can find it..

 

הערה:

Bitfinex gone for 2 hours

bitfinex.statuspage.io/

הערה:

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.

הערה:

......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

הערה:

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 ..

הערה:

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.

הערה:

6652 currently but this move is incomplete till there a candle closing above 67xx or 71xx

הערה:

Note : BTC can drop as low as 6514 and still recover
Dropping below 65xx is a problem