Hey, here comes a little imagination post.
I would like to highlight some of the higher levels if the current move get's a next leg momentum!
Today, we catch a pretty good move after we made a breakout from the short-term Bull Flag and after we made a breakout from the bullish chart pattern "Falling Wedge". The short-term target was the last resistance at $3,410 and currently, the price has stopped in this area. (the last idea post is bottom of the current idea post)
Positive signs are consistent buyers - hopefully, I can say it like this because we haven't seen this for a while. The hourly candle, which drives us through the resistances, was pretty powerful and it ended up almost without a wick - also a rare case.
Now, from the bigger picture, we have made also a breakout from the bigger Falling Wedge. It started to form from the end of the November and now the breakout has confirmed with bullish candlestick pattern on the bottom - Morning Star.
Several bullish signs from the bottom and the TradingView starts to flowing full of bullish ideas but we can't rush too much ahead because we still don't have any significant Higher Highs on the chart.
The first bigger higher high comes after the break above the light-blue resistance area and it would be confirmed after we get a close above the $3,650. From there we can say that the BTC' could make a little Christmas rally which is supported with the bullish pattern Falling Wedge.
The Falling wedge pattern shows us that the first leg target should be around $4,200 but we reach into this area only then when the FOMO kicks in. Currently, there are not so much FOMO opportunities, all the attempts to go higher has been slowly faded - no consistency from buyers, no volume from buyers and etc. FOMO players do not have even a significant chance to jump in. Hopefully, here is the opportunity and the market makes a little Christmas present for us, which would be a nice gift :)
The next resistance areas are:
1. The thin light-blue line $3,410
2. The semi-round number $3,500. This area is more than just a semi-round number because after the break (at least a 1H candle close above the $3,500) will confirm short-term higher high, which is a little indication because we have seen those short-term higher highs which dosn't work very well.
3. The light-blue area around the $3,600-3,650. As mentioned, a close above the area will confirm new higher high on the market and from there, things start to go interesting.
4. Strong resistance $3,875 - it has worked as a strong support level and as a strong resistance level. So, this has to be on the chart
5. The round number $4,000 and just above the round number should have the current falling wedge target!
So, the next bullish confirmation comes after the semi-round number break but at some point we have to make a little throwback (movent downwards) and I think if we want to make a new higher high (on the 4H chart), then we have to make a throwback before we make new HH because then the higher high doesn't last very long (currently, hard to say). If we go immediately higher then $3,650 then the throwback may be a pretty big but we don't want to see this again, the market has to breathe sometimes and it would be healthier when it makes a little throwback before the $3,650. $3,500 break, a candle close above the $3,500 which is also new short-term higher high and after that the price retest the $3,410 level - this would be a perfect scenario to break $3,650 ;)
I just wanted to point out some of the higher levels which should play a significant role IF we make a little Christmas rally.
If it was helpful do not hesitate to hit the like!
Anniversary post:
Please, don't forget to LIKE, COMMENT & FOLLOW!
Thank You for your support, I really appreciate it!
Have a nice week!
All the best!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
I would like to highlight some of the higher levels if the current move get's a next leg momentum!
Today, we catch a pretty good move after we made a breakout from the short-term Bull Flag and after we made a breakout from the bullish chart pattern "Falling Wedge". The short-term target was the last resistance at $3,410 and currently, the price has stopped in this area. (the last idea post is bottom of the current idea post)
Positive signs are consistent buyers - hopefully, I can say it like this because we haven't seen this for a while. The hourly candle, which drives us through the resistances, was pretty powerful and it ended up almost without a wick - also a rare case.
Now, from the bigger picture, we have made also a breakout from the bigger Falling Wedge. It started to form from the end of the November and now the breakout has confirmed with bullish candlestick pattern on the bottom - Morning Star.
Several bullish signs from the bottom and the TradingView starts to flowing full of bullish ideas but we can't rush too much ahead because we still don't have any significant Higher Highs on the chart.
The first bigger higher high comes after the break above the light-blue resistance area and it would be confirmed after we get a close above the $3,650. From there we can say that the BTC' could make a little Christmas rally which is supported with the bullish pattern Falling Wedge.
The Falling wedge pattern shows us that the first leg target should be around $4,200 but we reach into this area only then when the FOMO kicks in. Currently, there are not so much FOMO opportunities, all the attempts to go higher has been slowly faded - no consistency from buyers, no volume from buyers and etc. FOMO players do not have even a significant chance to jump in. Hopefully, here is the opportunity and the market makes a little Christmas present for us, which would be a nice gift :)
The next resistance areas are:
1. The thin light-blue line $3,410
2. The semi-round number $3,500. This area is more than just a semi-round number because after the break (at least a 1H candle close above the $3,500) will confirm short-term higher high, which is a little indication because we have seen those short-term higher highs which dosn't work very well.
3. The light-blue area around the $3,600-3,650. As mentioned, a close above the area will confirm new higher high on the market and from there, things start to go interesting.
4. Strong resistance $3,875 - it has worked as a strong support level and as a strong resistance level. So, this has to be on the chart
5. The round number $4,000 and just above the round number should have the current falling wedge target!
So, the next bullish confirmation comes after the semi-round number break but at some point we have to make a little throwback (movent downwards) and I think if we want to make a new higher high (on the 4H chart), then we have to make a throwback before we make new HH because then the higher high doesn't last very long (currently, hard to say). If we go immediately higher then $3,650 then the throwback may be a pretty big but we don't want to see this again, the market has to breathe sometimes and it would be healthier when it makes a little throwback before the $3,650. $3,500 break, a candle close above the $3,500 which is also new short-term higher high and after that the price retest the $3,410 level - this would be a perfect scenario to break $3,650 ;)
I just wanted to point out some of the higher levels which should play a significant role IF we make a little Christmas rally.
If it was helpful do not hesitate to hit the like!
Anniversary post:
Please, don't forget to LIKE, COMMENT & FOLLOW!
Thank You for your support, I really appreciate it!
Have a nice week!
All the best!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
코멘트:
Currently, the market gets pumped like I expected that from the 1H candle! We are broken above the $3,410 and now we trade above the $3,500. If the price gets a close above the mentioned level then we make new shor-term higher high and his is another bullish confirmation! Resistance after resistance, and the next one is the most important - $3,650 - which is the mid-term new higher high!
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코멘트:
Two milestones are confirmed with the 4H candle close! Definitely the FOMO starts to kick in but as I said earlier, we need a little throwback and this is the perfect place to get this - those who missed the run can jump into the next wave and etc. Then we have more buyers and more volume, because only with the high power inside the candles we can break and stay above the $3,650!
Let's see, a perfect scenario would be just a small throwback or a little price stop!
Let's see, a perfect scenario would be just a small throwback or a little price stop!
코멘트:
“$3,500 break, a candle close above the $3,500 which is also new short-term higher high and after that the price retest the $3,410 level - this would be a perfect scenario to break $3,650”
Looks like this scenario is on the process, plus on the $3,410 area is also FIB 38% retracement level which good level for a bounce if the trend is full of momentum!
Regards!
Looks like this scenario is on the process, plus on the $3,410 area is also FIB 38% retracement level which good level for a bounce if the trend is full of momentum!
코멘트:
Soon we will get know, do this yesterday's move was as powerful as it looks like. The price approaching the mentioned $3,410 level and the FIB 38% retracement level which should act as a support!
코멘트:
NEW IDEA POST:
If it is helpful then please show your appreciation by hitting the like button!
Cheers!
Cheers!
거래청산: 타겟 닿음:
BOOOM!! :D
