BTC (Y20.P6.E3).A Bullish Scenario?

2020年12月22日

Hi,

Just a quick one.

The structure looks like a smaller version (a bull flag) to the previous breakout level.
I have the elliot wave count and the macro fib extension target.
Lets see if it plays this out...and yes, I'm still bullish on BTC as I said, to not, we need to see bearish divergences come to play on the daily and we are not there yet as stated in the link below post.

Cheers,
S.SAri

Close up




Potentially it can go parabolic blow off top as well, just like in 2019, using the flag pole method to find the target.

2020年12月22日

註釋

All positive. Note: BTC dominance looking to break the resistance of 68% as per my previous post on Total Market cap.

2020年12月24日

註釋

still positive and bullish...at this current level.

2020年12月24日

註釋

If we lose this 12 HRLY 12 EMA, its a red flag

2020年12月25日

註釋

Note the wicks on the daily and how the top wicks are diminishing and the bottom wicks are long...meaning upward pressure.

2020年12月25日

註釋

2020年12月26日

註釋

2020年12月26日

註釋

2020年12月26日

註釋

I have started to take profit 26500 range.

2020年12月28日

註釋

It hit the 200% of the fib fork which indicates over extension, hence a sell signal as well. The wick of this candle is also another indication