BTC - Mega Bull

I might as well be jinxing it! But here is another possibility.

You might be like, "Hey you fucker! You were a bear until a few hours ago and now you are a bull!? WTF?!"

But unfortunately that's BTC for you! I can only present the possibilities, it's upto BTC to decide which way to go!

Peace!

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History is repeating, pay attention!!!

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The previous comment was quite important. Not sure how many noticed what I noticed. Will comment again on the 14th.

Trade active

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Target on chart

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Dissclaimer!!

*****I am NOT trading, this is for research/white paper and this is not financial advice*****

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Stop loss: 11150

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First reasonable target on the 10th of August @ 15030
Daily high on the 10th @ 15610

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Volume draining away. Not good! Time to be careful, volume could spike up when BTC touches 11.5k. If not, we might have to reconsider the situation.

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Volume spiked at 11.5k as expected but wasn't good enough. There is quite some hesitation ongoing. But idea is still valid.

The daily should close above 11990 and the breakout should happen tomorrow.

If day closes below 11.9k, this idea is invalidated.

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Steam ran out but the idea is still not invalidated. You can decide if it's valid or not, based on this illustration.

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If this idea fails, you could use this idea to figure out your entry,

and play into

(beware, my bias is we break north)

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Timeline is delayed but idea is still valid and active!!!

Trade active

TulpenFieber

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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.

TulpenFieber

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