Bitcoin / TetherUS
Updated

BTC (Y21.P1.E4).Bullish scenario

351
Hi All,

Just a followup on a previous post as we now see more as to price action.

This is the bullish scenario.
I'm still bullish and don't thing the H & S will play out but who is to know?


All the best,

S.Sari

MACRO PERSPECTIVE
snapshot
snapshot



PREVIOUS POST
BTC (Y21.P1.E3).Look for a bullish sign
Note
We had a bear break and then a bullish bounce with no follow through. Now we have to be careful and watch to see a support level establish or not. For ETH, I see 1300 on the daily most important, and with BTC I see 34850 on the 4 hrly. These must hold.
Note
This level to me is absolute, if it drops below, then I'm bearish but a drop might just make it bullish so its very difficult. I have scaled out and just waiting and looking. Note the DXY or USD is having a bounce in progress and hence its putting pressure on crypto.
snapshot
Note
my thoughts short term. Next level supports
snapshot

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.