The details are in the chart with labellings. Might be a phase B or No phase B on the accumulation. With target at $18k to $19k BTC short Long.
GENERAL OVERVIEW DATA From March 02 2020 point A until December 2021 point B uptrend. From January 01 2 June 2022 retracement of Fibonacci level point C. MONTHLY TIME FRAME * Uptrend * Retraces back to 0.5- 0.6 Fib level * Bullish engulfing pattern spotted at the retracement level *Violate the 3rd touch of this trendline. * Closes with a bullish hammer...
Possible Gold wyckoff schematics formation to sponsor the price higher using the H4 Timeframe. This is supported by the rejection on the weekly Timeframe and leaving a confirmation as follows on the support zone of 1683-1680 * 3 touch of the support zone * A retest of the demand zone on h4 * And the 200 moving average resting on the zone. And multiple...
Taking a look at the chart performance from 22 Feb 21 where there was a deep(-21.31%) including it's ups and downs to the current price of $36,009.97. KEYNOTES: * The 4 blue horizontal blue lines indicates the support lines of Bitcoin and it's price respectively. * Using a weekly timeframe and with references to its yearly chart. * The trendline starts from 08...