#BTC at important point right now in the 1hr chart!

It is very important right now for us to break above the 0.382fib which @TechDev_52 has shown beautifully in his chart!

For the moment, it does not look to bad. We might be getting that breakout pretty soon!
The .382fib lvl is a very important area. It has been used as support from Nov 16th to Nov 18th. From Nov 19th on we have been forming and holding this ascending channel very well. We touched the .382fib as resistance already yesterday + earlier today and are nearing it again rn!
Now, what happens next?
Well so far we have seen the golden cross where the 21 EMA crossed above the 55 EMA which is definitely a positive sign that supports a bullish breakout! Also we can clearly see how well the 55 EMA was holding as support during the past 24 hrs.
Now what I'm looking for in the very near future are three things:
1) RSI: Bouncing off the trendline in the RSI!
2) PA: A clean breakout above the trendline + the red resistance area!
3) PA: Flipping the .382fib!
With that being said, if we fall out of this ascending channel and if we fall below the trendline in the RSI, this theory gets invalidated and we will most likely see us retesting some of the lower lvls again. And once we have more momentum we will come back and smash through!
We might get a nice Monday surprise:)

Wishing everyone an amazing start into this next week! Will for sure be a great week!🔥

Let's go Champs!👊💯
*Also shoutout to @TechDev_52 on finding the importance of us breaking above the .382fib!🤝
Oh and btw only because I drew a ‚straight’ line to 64.5k & 67k doesnt mean that we will reach these target without any resistances! Like not at all! I just wanted to share a potential breakout target „IF“ we were to break above this ascending triangle!

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More from @valerio_job_

23 Nov
Went over the weekly tf for #Bitcoin and want to share my thoughts. This thread will definitely help you create your own opinion whether or not the bottom is in!

Dont start reading this thread expecting a clear yes or no. Read it and make up your own mind! Let the facts guide u! ImageImage
1/ --- Fib Targets ---
The Charts are as always very self-explaining. Will just try to explain here my thoughts as good as possible.
What fascinates me the most is that a top for wave (III) of ~ $69k could have actually been expected.
Why? ImageImage
Well first, please have a look at how I counted the 5 Elliot waves. From July on we can find a similar 5-waves structure in 2021 & 2017. The bottom of wave II was in both cycles exactly at the 0.5 fib drawn from wave I bottom to wave I peak.
Why? 'Cause emotions dont change ImageImage
Read 20 tweets
22 Nov
That is the pullback I was expecting for #Bitcoin !
Playing out well so far! Finally we can start seeing the bullish divergence I was waiting for in the 4hr Chart!🔥


Who is bullish with me?🤝 Image
Deleted a lot of details and explanations in the chart as it was way too much information. Feel free to go back to my older thread if you haven't read it yet or want to see the chart explanations again. Image
As I already said in the prev tweet, price dropping is/was important to fulfill the bullish divergence. We just saw another Low in the PA and a higher Low in the RSI. That is very very key! Image
Read 5 tweets

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