Hello all!👋😁 Thanks for joining here today🌞🌆, as we climb into 🏂this technical approach analysis
🎯🎯🎯NOTE🎯🎯🎯 Likely to continue to bounce around and contract tighter before we see impulse wave↗↘🌊
This is just my current view, simply explained.🆗👍👀
BTC has made us huge gains💪💲 in the past couple weeks as we soared🐱🏍 to ~52k.5️⃣2️⃣
Now we seem to be creating a bearish pennant🐻▶ (could turn bull🐮 but I am leaning towards bearish🐻)🆗
We started to dump, and if we continue this dump (very possible😀,) I would expect to see us hit 30 percent fib retracement of our most recent impulse move that lead us to 52k. (See yellow 🟨 line ➖ on chart📈)
If we can do as mentioned above, we can also make room for more highs in the near future.😄👌📌
I am expecting a dump and pump situation.⏰↘😨↗😍
Other situation (Daily view)
Bullish cross! 50 and 200 day MA..
We will either get rejected from this cross or it will cross bullish and we continue up. This is a critical moment.
Always remember🕵️♀️
🛑🛑🛑This is not financial advice🛑🛑🛑 Above are approximate targets based on fibs, major trend-lines etc. I always recommend looking at multiple charts when making a big investment, thank you!
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
Thank you so much
Jazerbay
I would love to hear your thoughts, let me know how you view the current situation! 👋
Комментарий
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bullish break. Long position should be considered.
Also ETH's hash-rate is at new ATH but the movement didn't followed it..
So we may experience another drop.