BTC 🔵 or 🔴 ?

16 Feb 2023

Roses are red, violets are blue. Bitcoin pumping⛽ but currently being below trendline resistance. I have 2 bullish scenarios in my head how we could get to the target. Blue🔵 or red🔴? We could hit the target in few weeks anyway. Target being projection of the previous range 100%-0%, it's just measured move added to the range high (100% @ 21480). Simple yet powerful technique. See the REKTanglez😁 on pic below, and it should be clear.


PS: Hover over the BIZ circle and you will find a treasure!

Check my other stuff in related ideas.

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.

16 Feb 2023

Nota

Are we going to test these rising wedge edges? Currently @ 26100-26500.

16 Feb 2023

Nota

Price still attracted by that macro Uptrendline:


Closer look:

16 Feb 2023

Nota

The last 2 charts above with cyan macro uptrendline are log scale.

👇 Major Downtrendline (also log scale) broken and backtested. Sent the price up making higher high:

17 Feb 2023

Nota

Seems like BTC is going the blue way. Rejected by the yellow uptrendline resistance and now testing the support level @ 23450. Bounce up? Break down could mean drop to the channel lower edge + cyan downtrendline confluence

17 Feb 2023

Nota

Check the pic down below for lilttle update:

18 Feb 2023

Nota

It's going quicker than expected but BTC is following the blue path precisely. Check the updated chart with details down below. Are we ready to the ride up to the 25537 resistance?

19 Feb 2023

Nota

Update:

19 Feb 2023

Nota

Another bullish argument👇