A Possible Bullish Scenario for Bitcoin by AcroScopics
I wanted to post the 4 Hour chart with this last surge up before I started making changes.
The BIG take away is that this last series of waves pushed up to exceed the range where price might top at the 0% FRL that I put in based on where a BULLISH retrace might come to around the 200ma line on the 4 hour chart at 38.6%.
It also pierced the Orange line and fell back as it hit resistance there.
Man...this has all the ear marks of a short squeeze...what a run.
On Friday, when EVERYONE was shorting and expecting the market to correct over the weekend...I think WE ALONE were the only ones giving a potential BULL scenario. Takes a LOT to post a CONTRA view like that...but WE did it for YOU!
PS - This run up may not be over yet!!
Thanks for all the LIKES, FOLLOWS and COMMENTS!
The BIG take away is that this last series of waves pushed up to exceed the range where price might top at the 0% FRL that I put in based on where a BULLISH retrace might come to around the 200ma line on the 4 hour chart at 38.6%.
It also pierced the Orange line and fell back as it hit resistance there.
Man...this has all the ear marks of a short squeeze...what a run.
On Friday, when EVERYONE was shorting and expecting the market to correct over the weekend...I think WE ALONE were the only ones giving a potential BULL scenario. Takes a LOT to post a CONTRA view like that...but WE did it for YOU!
PS - This run up may not be over yet!!
Thanks for all the LIKES, FOLLOWS and COMMENTS!
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