BitcoinLong
BTC - Next Wave Up
Updated
Bitcoin is printing another bullish candle with lower wick.
The lower wick is a bear trap shakeout and this increases the chance of a significant move higher.
So with 2 strong candles, a third bearish wave of a 3 wave correction may have completed.
If correct, then this is the next wave up.
...
This area also appears to be a contraction triangle.
This is a cause building fractal that often leads to significant impulses.
Once Bitcoin gets above the upper trendline, we may see a change of pace.
All looking bullish here and dip buys have been available at the previous lower wicked candle.
Potentially up and you from here; through Michael Saylor's 100K party and much further beyond👍.
The lower wick is a bear trap shakeout and this increases the chance of a significant move higher.
So with 2 strong candles, a third bearish wave of a 3 wave correction may have completed.
If correct, then this is the next wave up.
...
This area also appears to be a contraction triangle.
This is a cause building fractal that often leads to significant impulses.
Once Bitcoin gets above the upper trendline, we may see a change of pace.
All looking bullish here and dip buys have been available at the previous lower wicked candle.
Potentially up and you from here; through Michael Saylor's 100K party and much further beyond👍.
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BTC
In the blink of an eye Bitcoin is breaking through the upper trendline.
Dizzy and wild times ahead 🎆.
Bears are rekt and gone to bed 😴
Note
This idea went very fast. Bitcoin hits 103K !
Note
FLASH DUMP!!!
Who would have thought; just as Bitcoin 100K news reverberates around the world and novice traders come stampeding in to buy, the market makers had a rug pull in waiting 😅.
The technical signs were there.
Firstly TOTAL hit a critical 1.618 extension.
This was very similar to the 2.272 that it hit in March that led to a MAJOR correction.
I have alerts for these major fibs, so I received a TradingView alert a few hours ago.
They are very useful btw - but you do need to buy Premium to have alerts with no expiry.
Following this, Bitcoin printed an upper wicked candle and it became clear that a Wyckoff Top was printing.
Notice that the flash dump bounced at the $0.618 @ 91K.
That was the dip buy area.
The markets moved so fast that this was all done before I came to TradingView to update.
Now that it has happened, that is a significant breach of the bullish trend.
So its not impossible that it immedietly recover into the next wave up...
But I think that not the most likely outcome.
More likely we will see some extending correction and perhaps a further move down 🧐.
We're into the Trump presidency bull phase🥳.
I have great trades and monitor many assets❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
I have great trades and monitor many assets❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
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