As this is a Point&Figure chart, I'll have to provide updates manually as TradingView currently doesn't support the 'play' feature for them.
Noticed something interesting supporting the Bullish case for the previous Fractal/Bear Trap idea:
Breakout and retest of the macro descending resistance intersection with the dynamic support range 🙏🔮🚀
Possibly the most bullish sign seen in recent months 🙌
Stay tuned for more! I'll keep a close eye on this one & update as things play out!
What do you guys think? Feel free to share and ask questions 👍
*Will update as more PA is available*
*Symbol tags below, Ignore these*
INDEX:BTCUSD BITSTAMP:BTCUSD COINBASE:BTCUSD BITFINEX:BTCUSD BINANCE:BTCUSD BINANCEUS:BTCUSD FTX:BTCUSD GEMINI:BTCUSD BINANCE:BTCUSDT KUCOIN:BTCUSDT HUOBI:BTCUSDT OKEX:BTCUSDT BITTREX:BTCUSDT POLONIEX:BTCUSDT COINBASE:BTCUSDT BINANCEUS:BTCUSDT FTX:BTCUSDT BITSTAMP:BTCUSDT BINANCE:BTCUSDTPERP BYBIT:BTCUSDT BINANCE:BTCUSDT_PREMIUM
SP:SPX TVC:SPX OANDA:SPX500USD DJ:W1DOW NASDAQ:NQGI NASDAQ:NQGM CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 CRYPTOCAP:TOTAL3 INDEX:SATSUSD BNC:BLX
*Symbol tags above, Ignore these*
Noticed something interesting supporting the Bullish case for the previous Fractal/Bear Trap idea:
Breakout and retest of the macro descending resistance intersection with the dynamic support range 🙏🔮🚀
Possibly the most bullish sign seen in recent months 🙌
Stay tuned for more! I'll keep a close eye on this one & update as things play out!
What do you guys think? Feel free to share and ask questions 👍
*Will update as more PA is available*
*Symbol tags below, Ignore these*
INDEX:BTCUSD BITSTAMP:BTCUSD COINBASE:BTCUSD BITFINEX:BTCUSD BINANCE:BTCUSD BINANCEUS:BTCUSD FTX:BTCUSD GEMINI:BTCUSD BINANCE:BTCUSDT KUCOIN:BTCUSDT HUOBI:BTCUSDT OKEX:BTCUSDT BITTREX:BTCUSDT POLONIEX:BTCUSDT COINBASE:BTCUSDT BINANCEUS:BTCUSDT FTX:BTCUSDT BITSTAMP:BTCUSDT BINANCE:BTCUSDTPERP BYBIT:BTCUSDT BINANCE:BTCUSDT_PREMIUM
SP:SPX TVC:SPX OANDA:SPX500USD DJ:W1DOW NASDAQ:NQGI NASDAQ:NQGM CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 CRYPTOCAP:TOTAL3 INDEX:SATSUSD BNC:BLX
*Symbol tags above, Ignore these*
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Zoom-in
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Green 'X' printed, sign of support being found & possible bullish continuation incoming!
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Not too much happening at the moment, still waiting
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Nice push from the Bulls
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More Bullish momentum supporting a major swing to the upsideNota
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The 'meme line' I drew when Indicating the retest area has now become Rising Support somehow hahah
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Small update on the situation here, Holding above the previous support zone & creating a new rising support!
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Looking at the previous Idea posted, We could see some slightly descending momentum before the bullish upswing takes place!Here is the previous Idea:
And the fractal was updated by copying each individual wave rather than the entire fractal (to get a more accurate target for the expected low of around 39k)
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^From above see the updates given below:Fractal has been adjusted to better fit the scale of the current pattern
Here is the fractal overlaid on the price:
*Bit hard to see because it fits so well*
Here is the same fractal without price:
Here it is with similar presentation as the original Idea:
And Lastly zoomed in to see next stages & swings (based on fractal):
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Looking good still, Bullish momentum overall holding stronger than bearish attempts
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Looking good still
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Local breakout!Nota
Updated chart
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Local resistance breakout
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Key resistance flip to support Nota
Some good signs! another res. breakout, could see a retest soon however not required until a red is printed
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Woah, major bullish pressure, could see a move to that rising resistance and horizontal res. lineNota
Expected path
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Cleaned up the chart as best I could and added some more information on my current thoughts.We are approaching an important area of resistance, so would be expecting some volatility to appear soon.
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Nothing major, just some choppy PA as we battle res.
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Something like this is also on the cardsNota
Possible downswing previously mentioned has been invalidated/become-less-likelyLooking good still on the bullish side of things with the new recent local higher high!
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stopped perfectly at resistance... could see a swing down on the macro here!
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or we could see some sideways chop for money rotation into and out of alts? somethin like that even?
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Resistance broken!!
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Current thoughts on Bitcoin's PA (Price Action) macro as well as my current thoughts..
Expecting 53k-ish area as the likely next 'top' for the imminent bounce (expected based on the structure on P&F chart)
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Related charts are scattered throughout this idea:
Penerbitan berkaitan
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.