#BTC INTRADAY UPDATE
VOLATILITY EXPECTED: Medium
EXPECTED SCENARIO:
$BTC is again bearish on Intraday. Expecting it to consolidate today.
BULL CASE:
In case we cross INTRADAY FLIP LINE(19600$), only R1(19750$) else R2(20000$), will be tested.
BEAR CASE:
In case we stay below INTRDAY FLIP LINE, S1(19300$) else S2(19050$) is the support and hold today.
NOTE:
On...
reclaim above 52.5K on higher timeframes will indicate that wave 4 has finished .I also have bullish count for that targeting 80-90K by end of year. but that looks less probable to me . this scenario has high probability in my opinion .#NFA
As you can see, BTC breakout the triangle with bullish large volume and the prices goes up and after that price goes down
Now wait for the closing of 4h candle after that you can check the next support and resistance levels
At midnight someone bought it heavily, it had broken the ascending triangle support went to previous low and agin went up. It should hold above 51300. Keep eye on 200 ema at15 mins timeframe prices are retracing back from there.
This is an update to recent BTC analysis.
At 4-hour timeframe we can see that the price went out of the local descending channel via impulse growth waves. Subsequent corrective Elliott ABC movements brought the price at the upper edge of the channel.
If we take a closer look it can be seen that there are several positive signs:
1. Stoch RSI moves to Oversold...
