BTC 🔵 or 🔴 ?

16 בפבר׳ 2023

Roses are red, violets are blue. Bitcoin pumping⛽ but currently being below trendline resistance. I have 2 bullish scenarios in my head how we could get to the target. Blue🔵 or red🔴? We could hit the target in few weeks anyway. Target being projection of the previous range 100%-0%, it's just measured move added to the range high (100% @ 21480). Simple yet powerful technique. See the REKTanglez😁 on pic below, and it should be clear.


PS: Hover over the BIZ circle and you will find a treasure!

Check my other stuff in related ideas.

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.

16 בפבר׳ 2023

הערה

Are we going to test these rising wedge edges? Currently @ 26100-26500.

16 בפבר׳ 2023

הערה

Price still attracted by that macro Uptrendline:


Closer look:

16 בפבר׳ 2023

הערה

The last 2 charts above with cyan macro uptrendline are log scale.

👇 Major Downtrendline (also log scale) broken and backtested. Sent the price up making higher high:

17 בפבר׳ 2023

הערה

Seems like BTC is going the blue way. Rejected by the yellow uptrendline resistance and now testing the support level @ 23450. Bounce up? Break down could mean drop to the channel lower edge + cyan downtrendline confluence

17 בפבר׳ 2023

הערה

Check the pic down below for lilttle update:

18 בפבר׳ 2023

הערה

It's going quicker than expected but BTC is following the blue path precisely. Check the updated chart with details down below. Are we ready to the ride up to the 25537 resistance?

19 בפבר׳ 2023

הערה

Update:

19 בפבר׳ 2023

הערה

Another bullish argument👇