50k cleared, not much stopping BTC until 76k

17 feb 2021

BTCUSD


This bull cycle started at the bottom of the parallel channel & won't stop until the top of the trend or the midline, BTC has been respecting the logarithmic parallel channel & trend-based fib extensions since the 2012-2014 cycle.
BTC has consistently struggled with the mid-line and each fib level (More apparent on daily & 4hr)
We have a major double hurdle coming up at 76k with the fib & midline in close proximity. We could see a major correction (still on trend but intense) at the midline before continuing up to the top of the channel --> leading to our next bear market while we retrace to the bottom or midline of the channel.

18 feb 2021

Nota

76k Next stop :agree:

20.176k is still in play too though :thinking_face:

We either slowly pamp to 76.178k or we test the fib below to turn it to support :agree:

We haven't tested the fib below since we broke out :thinking_face:

Both fibs being tested is on the cards too (Hitting that fib above and correcting to the fib below before moving up)

18 feb 2021

Nota

Just realized the emoji's didn't work ahahah

27 mar 2021

Nota

Added some fib channels & realized that BTC has been respecting them quite closely.. The rally stopping around 42k coincided with the fib channel in that area as well.. We've managed to overcome a fib channel fib & turned it into support, Next leg up to 76k is possible by the looks of it

27 mar 2021

Nota

Closer look at the new fib channel support we've claimed

27 mar 2021

Nota

^Here is another idea I made for BTC with a look at the renko chart & areas of supply/demand & possible S/R zones

18 mag 2021

Nota

New Idea:

23 mag 2021

Nota

New Idea:

4 giu 2021

Nota

Here's another look at BTC:

11 giu 2021

Nota

New Idea!

18 giu 2021

Nota

Scary near-perfect rejection from that 0.382



^closer view


^Same fib but low time-frame

27 giu 2021

Nota

28 giu 2021

Nota