BitcoinAtualizado Trendlines of Support and Resistance I am currently looking @
This publication is not financial or trading advice :)
Publication for future historical reference ...
never invest in a way that would keep you up at night ...
I am feeling bullish on the price action
and as the saying goes
"sideways price action is bullish price action "
Leaning macro bullish especially if the price action can start closing daily candles above the pink resistance lines
in the next month or so ... mean reversion to the 8 mcgd "new md"
or a break out of bullish expansion shown on the bollinger bands ? that could rip up to
52K , 55k , and beyond ...
or just ranging sideways for another month or so
its interesting how btc price action simply ranging sideways has such a large potential upside and potential downside
the vol is real in btc
on some momentum indicators pretty bullish on the "4D" , "8D" , "16D" , signals / close
fluff post
I do think bullish expansion on bollinger bands = we are still in a bull market ...
hard to be bearish above the basis ... time will tell
things will be clear if it close >= 50 K
Ends the dead cat bounce narrative
I think we could just see price action go side ways for a while
until traders realize this is still a bull market
Much like price action grinded against the 20K resistance before bullish expansion on and up to 65K
to me this looks like bullish grinding against the 50K sell wall level zone
then on and up ...
but it could take 16 to 32 days to get clarity
macro if the bull run is still on i can see 80K easy 120 to 200 K possible with 300 K on the horizon ...
Publication for future historical reference ...
never invest in a way that would keep you up at night ...
I am feeling bullish on the price action
and as the saying goes
"sideways price action is bullish price action "
Leaning macro bullish especially if the price action can start closing daily candles above the pink resistance lines
in the next month or so ... mean reversion to the 8 mcgd "new md"
or a break out of bullish expansion shown on the bollinger bands ? that could rip up to
52K , 55k , and beyond ... or just ranging sideways for another month or so
its interesting how btc price action simply ranging sideways has such a large potential upside and potential downside
the vol is real in btc
on some momentum indicators pretty bullish on the "4D" , "8D" , "16D" , signals / close
fluff post
I do think bullish expansion on bollinger bands = we are still in a bull market ...
hard to be bearish above the basis ... time will tell
things will be clear if it close >= 50 K
Ends the dead cat bounce narrative
I think we could just see price action go side ways for a while
until traders realize this is still a bull market
Much like price action grinded against the 20K resistance before bullish expansion on and up to 65K
to me this looks like bullish grinding against the 50K sell wall level zone
then on and up ...
but it could take 16 to 32 days to get clarity
macro if the bull run is still on i can see 80K easy 120 to 200 K possible with 300 K on the horizon ...
Nota
Nota
"4D"Nota
Nota
"24D"Nota
Nota
Nota
"8D"Nota
Nota
"4D" BB idea showing expansion and contraction
Price action > bb basis
with expanding bands
= bullish expansion
Nota
Feeling parabolic for the following "3D" candle based on intuition :)
Nota
Bullish break out threshold : $ close > 51.05KBullish Break out Targets : $54.03 - second 60.88K
Price Correction / Mean Reversion : 45.40K
Time Correction / Mean Reversion : sideways around 47K / 45K
also knowen as ranging / snaking / chop
Bearish Breakdown : 43K / 42K
Nota
Nota
price correction Liquidation event
Nota
Quite confident this is a bear trap / just a leverage liquidation event not in a bear market
not a reversal to bearish momentum
I am still quite bullish :)
but in positions where i am safe if i am wrong !
I see this price action as the market being like a bucking bull trying to shake out off its rider / holders
throwing off all that it can
or put another way liquidating all that it can :)
Nota
price action was still bullish on the 3 day time frame so we will have to see how it closes
Aviso legal
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