Updated

BTC - Easter in 3 days???

Absolutely no blasphemy meant here!

For my bear flag "BTC - White Flag" idea to play out, this chart is very crucial. And so is the price action in the next 3 days.

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This also explains why I chose 7k as the bear pole target in my previous idea.

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Almost looks like a resurrection, but we need confirmation, I could just be a move to hunt the short stop losses.

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Bear flag idea will be invalidated if prices hovers around 9650 for the next 24 hrs or moves any higher

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If it starts to move higher, there is nothing stopping BTC until 11145

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It's now basically, Double Bottom vs Bear Flag

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For a sustained resurrection, we need a close above 9800 on the 4h(won't happen until tomorrow, but if it does happen today, then it's quite bullish) and the volume has to double. Else it's another trick that BTC plays on the traders.

Another way it could play out is, BTC could sit tight and move sideways until EOD tomorrow, also means it will continue to resurrect.

It's quite likely that we might be celebrating BTC Easter soon.

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The three 4H (i.e. next 12 hours) candles, including the current one, is very crucial for BTC.

If the 3rd candle closes above 9490, then BTC will spring back to 11k.

If BTC closes below 9490 on the 3rd candle, then my bear flag idea is still valid.

I choose the 3rd candle because BTC can create a lot of noise with the current and second 4H candle.

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Possibility for an upside breakout looks really good. It's in progress right now.

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Hip hip hooray!!

BTC has now a clean shot up to 11k, nothing is standing in its way!!

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If you haven't bought yet, 9530 would be a good entry. Not that it cannot go any lower, it can, but this is a price for the impatient, where their buy order will definitely get filled! New chart soon!

Peace!

TulpenFieber

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TulpenFieber

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