BTC/USD - Coinbase Bullish Idea after piercing resistance

2 de set. de 2019

Okay so awesome we managed to go above the resistance and hopefully the way we injected ourselves in (being BTC) is enough to keep us there, the last wave we had showed that BTC said.. Touch down to check support? pff please Nah let me go higher real quick. Now is it the same as before? perhaps but ultimately No. Because of the previous structure we actually have some slanted resistance lines if we can go up, why might stray away from a vertical blast off but that does not mean the price cant keep going higher, but it will take more TIME... is all. An interaction that may happen is that we would do that for a bit, and actually gain support on that line which should be a pink-ish line.. It actually goes into an apex so we could bounce around in them and squeeze out of that, or we don't get it and jump around in the bigger space. Here is the funny thing nothing has happened yet but I have a weird feeling that if the price action plays out a certain way within the bigger "playing field" in the main triangle we could create another Diamond chart pattern, which funny enough would lead us right into the apex once more for an even more impressive break. <-- that part is pure just.. its just a little dumb idea. ANYWAY.. I have created a 3(there is really like 6 combinations but i put like 3..cause it's just too many lines..) different paths BTC can take, and also potential results of squeezing from different areas leading us into different corridors of price action, almost all of them lead to an apex.. my purple boxes is basically simply where I want BTC to go (My target), based off past structure and harmonics.. my range is essentially $10,620.00 - $10,865.00 Max In my opinion I say max not like pff it would never break from here.. no not exactly but i would suggest that perhaps BTC would have to do some form of correction downward before just punching holes in resistances like it was made of balsa wood.
Recap: Which way do I think BTC is going? : Up
When: id be a liar if I said I knew, but I don't think today is the day, if we are talking about my target now if we are talking about Right now.. then.. sure up we are gonna have some little corrections here and there no doubt but up ultimately between today... or.. tomorrow, tomorrow night..
How: Well.. people are going to look at this and want to trade this triangle more in my opinion and for that to happen we must go higher, With more solid terms.. the 4hr TTM squeeze after shocks are dying out but we did enter this area again which is sweet and were pumping smack dab in the middle of it so there is some buying pressure out there. Also the daily TTM squeeze histogram Looking even better, for even more bullish sentiment (But don't get married to the idea)-thank you..
Side notes: there is some hidden bearish divergence but if we can pump above the pinkish line at least in price value soon, we should be able to invalidate it quickly or.. maybe it will correct and with pumps like this.. should either be invalidated or satisfied in no time.
Happy trading

2 de set. de 2019

Nota

So far so good, Looks like on the 3 hour and some of the smaller time frames we are sitting on top of the pink-ish line which is great for keeping price action up. On the 15m you can already see there had been an interaction already to touch the new flooring so to speak and we do have many little invisible horizontal slates of support which are from the previous structures. Regardless this pump is still pretty new I would give it an hour or two before saying it's confirmed but if we do have support here, We do have all that space above us to go up, I have to go structure hunting to see whats gonna bop us in the head if we keep pumping besides the obvious. looks like a clear sky for now but keep a close eye out. :) Happy Trading