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?🤝
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.
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!
The only question is whether we hold this $55.6k lvl or not and whether we hold the current RSI lvl + bounce off the red trendline. Even if we drop a little more the idea can still be valid. We only need to make sure we make a HL in the RSI which fulfills the bullish div again!
Are you bullish🐂 or bearish🐻 right now?⬇️

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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!
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.
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
Read 20 tweets
21 Nov
#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.
Read 8 tweets

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