Hi All,
Another continuation post from the previous, link below.
A 123 impulse move reaching $41K
If it holds 37k on the 4 hrly... a dip is expectable to touch the supporting neckline.
MY THOUGHTS:
=============================================
My impression is H and S is less likely at this point.
We are forming a giant consolidation triangle of some sort before it goes up another level, if we hold this level and hit the 41K.
The 21% pullback is the equivalent of previous bull run 30%'s pullbacks, in this run, it will be in the 20's not 30's.
The ALTs will not have momentum until BTC gets going.
USD, DXY is ranging sideways giving BTC a break to the upside.
All the best,
S.SAri
PREVIOUS POST
For now, the 1 HRLY Chart using the 10/20 EMA is doing the job.
39K next target, then 41K
DXY chart
Another continuation post from the previous, link below.
A 123 impulse move reaching $41K
If it holds 37k on the 4 hrly... a dip is expectable to touch the supporting neckline.
MY THOUGHTS:
=============================================
My impression is H and S is less likely at this point.
We are forming a giant consolidation triangle of some sort before it goes up another level, if we hold this level and hit the 41K.
The 21% pullback is the equivalent of previous bull run 30%'s pullbacks, in this run, it will be in the 20's not 30's.
The ALTs will not have momentum until BTC gets going.
USD, DXY is ranging sideways giving BTC a break to the upside.
All the best,
S.SAri
PREVIOUS POST
For now, the 1 HRLY Chart using the 10/20 EMA is doing the job.
39K next target, then 41K
DXY chart
Note
chart update, next fib level reached wit slight reaction.Note
Note
Note
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This community has signals now but with no risk management comms.
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.