BITCOIN (#BTC): Rising Wedge Reversal Breakthrought

After the Rising Wedge Reversal broke down, BTC dropped to $6700. Now, it was stopped by Local Upward Trend Support at $6600. EMAs trend lines and Ichi cloud are above us again. Bears are still in game!

BTC is following my previous predictions. When BTC comes to the ABC corrective pattern. We are at this moment on the C-Wave. Now BTC is bouncing Bottom line of Local Upward Trend Support at $6600.

Many things can happen. BCT will continue falling below $6500 or BTC will increase to $7000. Strong S/RL are located at these levels.

I hope you enjoy my charts, please writte your comments, hit that like button or follow me. Thank you!

ความคิดเห็น:

We are going to re-test EMA200 again!

ความคิดเห็น:

ความคิดเห็น:

In the meantime, there was a 13th day of a market flat. BTC was squeezed from all sides in a narrow range, from which sooner or later it will simply have to get out... There are no other options. Meanwhile EMA200, followed by Ichi Cloud, moved at price around $7000. We also saw an unsuccessful attempt to break this resistance levels. However, the BTC remains inside Ichi Cloud. This is weak bullish signal. On the other side, BTC is in bearish channel, which predicts to price decreasing.

It means that if BTC passes through the super tight zone at 7050$-7100$ (yellow circle) with good volumes than it can gives a good prospect of further upward movement. But there are no volumes yet.

Possible price movements are mentioned in TA.

I hope you enjoy my charts, please writte your comments, hit that like button or follow me. Thank you!