Breakout Retest On 3-Day

23 Mei 2021

BTCUSDT


Similar to my previous idea, however, looking at the 3-day TF.

We've re-tested the lower areas of the previous breakout region to confirm support and should see some buying pressure building from here.

The Commodity Channel Index is heavily oversold right now and curling up, indicating a possible end to the selling pressure.

I think we will see 38.5k & 42k being re-tested shortly, with a decision being made once we reach them.


Here is the previous look on the daily chart:

3 Jun 2021

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Having a little looksie at the daily chart, we are possibly breaking out of the symmetrical triangle which could lead to the next macro leg up for BTC!

3 Jun 2021

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Given the previous update to this idea, I have posted an idea based on the chart:

7 Jun 2021

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Updated PA for the 3-Day chart, With some further bullish indication evident

7 Jun 2021

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Yet another adjustment

11 Jun 2021

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New Idea for BTC:

18 Jun 2021

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Scary near-perfect rejection from that 0.382



^closer view


^Same fib but low time-frame

27 Jun 2021

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28 Jun 2021

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4 Jul 2021

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BTC S/R levels:

30 Ogo 2021

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31 Jul 2022

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Related charts are scattered throughout this idea: