Bitcoin bull run fractals on daily - Targeting Golden Ratio!
Fractals:
If we look to the daily chart we can spot fractals on rsi and macd. Since bitcoin started this bull run price keep going up forming higher low and indicators printing lower low 3-4 times result in Hidden Bullish Divergence everytime.
While macd also repeat same fractal on higher level and if we draw resistance line we can expect how the next wave will look like.
Waves:
I believe 3100 to 9100 was extended wave 1 and wave 2 was shallow so that we are expecting sharp aggressive wave 4 and if we look at Fibonacci extension for wave 1 we can see clearly the important levels ( 0.618 and 0.786 ) been strong resistances since wave 3 started and certainly we cant forget mention the Golden Ration ( 1.618 ) at 19k level where i am expecting wave 3 top
Few rules reminder:
If wave 1 is extended, then wave 3 and 5 are most likely not extended.
If wave 1 is extended, then wave 2 or 4 are very likely to be shallow (i.e. 23.6% – 38.2%)
If wave 1 is extended, then wave 2 will often end at the level of sub-wave 4 of 1 (i.e. the internal wave 4 of wave 1) which is 7500 in this case.
Wave 3 should be 1.6 times the length of wave 1.
We can see bitcoin on daily moving in triangle ready to breakout soon and in lower time frames we spotted: 1hr classic bull div + 4hr hidden bull div
Please understand that sharing my views doesn't stand as buy/sell signals. I am long term holder in a day trader style and i still have my ( 25x ) long position open since 3500 and added on the way up at 4900 and 7900
If sharing my views help, kindly let me know and don’t hesitate to show that. Leave a follow, give thumb up, your opinions are welcomed in comments as well.
Previous ideas:
Bitcoin free fly incoming!
Watch out! We got the WEDGE Breakout!
4HR hidden bull DIV completed! Bear Trap triggered below 10k
Again! Get In The Train. 19k Next Month
Original idea:
Get in the train and ignore your fear, ATH in 1-2 month
If we look to the daily chart we can spot fractals on rsi and macd. Since bitcoin started this bull run price keep going up forming higher low and indicators printing lower low 3-4 times result in Hidden Bullish Divergence everytime.
While macd also repeat same fractal on higher level and if we draw resistance line we can expect how the next wave will look like.
Waves:
I believe 3100 to 9100 was extended wave 1 and wave 2 was shallow so that we are expecting sharp aggressive wave 4 and if we look at Fibonacci extension for wave 1 we can see clearly the important levels ( 0.618 and 0.786 ) been strong resistances since wave 3 started and certainly we cant forget mention the Golden Ration ( 1.618 ) at 19k level where i am expecting wave 3 top
Few rules reminder:
If wave 1 is extended, then wave 3 and 5 are most likely not extended.
If wave 1 is extended, then wave 2 or 4 are very likely to be shallow (i.e. 23.6% – 38.2%)
If wave 1 is extended, then wave 2 will often end at the level of sub-wave 4 of 1 (i.e. the internal wave 4 of wave 1) which is 7500 in this case.
Wave 3 should be 1.6 times the length of wave 1.
We can see bitcoin on daily moving in triangle ready to breakout soon and in lower time frames we spotted: 1hr classic bull div + 4hr hidden bull div
If sharing my views help, kindly let me know and don’t hesitate to show that. Leave a follow, give thumb up, your opinions are welcomed in comments as well.
Previous ideas:
Bitcoin free fly incoming!
Original idea:
Get in the train and ignore your fear, ATH in 1-2 month
Komentarz:
1hr classic bull div + 4hr hidden bull div + 1d hidden bull div ( Completed )
Komentarz:
Correction is almost over - no need to panic!
Although we got lower price but in my opinion it doesn't invalidate anything yet, divergences on lower time frames most of times are complex but its a clear sign that reversal is coming.
So if we look to the daily, we can adjust the trendline and today candle close will tell us if its still valid. The pattern will turn to be a large pennant more than a triangle and both of them most of times are bullish when formed in uptrend.
The fractals on daily rsi&macd are almost completed so yea today should be the day to make it or break it. daily close below 10300 going to be very bad.
Although we got lower price but in my opinion it doesn't invalidate anything yet, divergences on lower time frames most of times are complex but its a clear sign that reversal is coming.
So if we look to the daily, we can adjust the trendline and today candle close will tell us if its still valid. The pattern will turn to be a large pennant more than a triangle and both of them most of times are bullish when formed in uptrend.
The fractals on daily rsi&macd are almost completed so yea today should be the day to make it or break it. daily close below 10300 going to be very bad.
Zlecenie aktywne:
Reversal: Resistance Turned Support - ( click to read details )
Zlecenie aktywne:
Trap: BTC below $10,000 for the last time! ( click to read details )
Komentarz:
Anyone wondering what is the count for the previous bear market correction in my opinion:
Komentarz:
Check last idea to read updates:
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Zlecenie aktywne:
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Zlecenie aktywne:
BTC: Isn't The Trend is Your Friend, Until it Ends?!
Zlecenie aktywne:
Daily BTC Chart: Still Show all this bullish signs..?! ( click to read )
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Zlecenie aktywne:
BTC: Panic Sell OR Buy ... Next? -- ( click to read )
