BTC (Y19.P2.E8).Still Bullish

12 พ.ย. 2019

I'm still bullish at the micro level and macro level (refer to the video link below for explanation)

Observations for short term:

> We have a BULLISH divergence on the 4 HRLY chart
> We have an engulfing bullish candle on the 4 HRLY chart after a spinning top at the support level
> We have what seems to be a BULLISH wedge formation
> We have confluence as support fib.fan 1/3 at the macro level
> Note buy zone might have to be raised another $100 as the bullish div. might kick in


Conclusion:
> Immediate target top of wedge, 8990
> Breakout of wedge, immediate target 9450



DAILY Chart: Note how fib.circle (ring) acting resistance. 1st major ring resistance broken, 2nd ring resistance to be broken


Video links for MACRO overview

14 พ.ย. 2019

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14 พ.ย. 2019

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Update:
The price has hit another support fib.fan line and got a response, question is will it hold. Unlikely.

15 พ.ย. 2019

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more updated information and what looks like a spinning top candle stick, meaning a reversal. Note the 8500 touch response, which is approx. fib. level 0.5. Not surprisingly it has confluence on my pre-dawn channel, and support lines which in October had a bounce off 7800 level to 8600. I'm expecting another major move as well.

15 พ.ย. 2019

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Note, morning star on the 4 HRLY

15 พ.ย. 2019

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