BTC Pump Incoming?!?!
Updated
With recent news of SEC telling Coinbase to halt ALT coin trading except BTC im thinking a BTC dominated pump is incoming as recent news lines up perfectly with BTC daily chart aswell as BTC Dom chart
We can see that BTC Dom HTF's Daily and weekly are faily bottomed and look ready for a move up. While at the same time BTC daily chart is bottomed aswell and been stretching this range out which the timing of CB vs SEC couldnt of come at a more perfect time.. coincidence ? maybe or maybe not ;) hint hint.... (Phycology and reverse phycology are just as important as TA)
- 1st key area to look for as BTC potential pump incoming
0.5 FIB ATH to Nov low + bottom on MS
32,675 - 32,990
- 2nd area to watch for
Daily swing june 15-july 13
1st upside FIB target
34,0458
- 3rd area to watch for
Red Line - current trend line were under
Purple box = market structure at 35,880
Fib line 35,687
- 4th area to watch for
Daily swing june 15-july 13
2nd upside FIB target + CME gap
37,163 - 37,684
- 5th area to watch for
Weekly Swing Nov 21- July 13
1st upside FIB 38,671
and
0.618 FIB 38,978 from ATH to recent Nov low
Definitely watch areas 1,3,4 for top out struggle bus areas
I myself personally am thinking 35,687 with possible wick up on HTF to 37,684 for that CME gap as top but we will see as retail panic buying can cause one major pump or vice versa
We can see that BTC Dom HTF's Daily and weekly are faily bottomed and look ready for a move up. While at the same time BTC daily chart is bottomed aswell and been stretching this range out which the timing of CB vs SEC couldnt of come at a more perfect time.. coincidence ? maybe or maybe not ;) hint hint.... (Phycology and reverse phycology are just as important as TA)
- 1st key area to look for as BTC potential pump incoming
0.5 FIB ATH to Nov low + bottom on MS
32,675 - 32,990
- 2nd area to watch for
Daily swing june 15-july 13
1st upside FIB target
34,0458
- 3rd area to watch for
Red Line - current trend line were under
Purple box = market structure at 35,880
Fib line 35,687
- 4th area to watch for
Daily swing june 15-july 13
2nd upside FIB target + CME gap
37,163 - 37,684
- 5th area to watch for
Weekly Swing Nov 21- July 13
1st upside FIB 38,671
and
0.618 FIB 38,978 from ATH to recent Nov low
Definitely watch areas 1,3,4 for top out struggle bus areas
I myself personally am thinking 35,687 with possible wick up on HTF to 37,684 for that CME gap as top but we will see as retail panic buying can cause one major pump or vice versa
Note
DisclaimerThe information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.