Bitcoin: Charting the Path to$126k and Beyond

This post breaks down how to plan trades from the weekly to the hourly chart, revealing bullish signals and key levels to watch. With Elliott Waves, Fibonacci confluences, and hidden bull flags, this chart point to major targets...

From planning on the weekly timeframe, to identifying patterns on the daily time frame, to using the channel on the 4h time frame, and finally executing the entry on the hourly timeframe...
This is how you identify and read charts to plan and execute your orders...
(Full disclosure, I haven't entered this, as I have been busy setting up and learning about this amazing platform!, However in our Discord, you can see I have been tracking this for a week or two now).


Bitcoin complete analysis
Bitcoin complete analysis

On the weekly (TOP LEFT) we have multiple trends that are all valid, with an apparant extending breakout trend, supported by a five point Impulse wave, combined with a bounce on the confluence zones of the mid and short term .786 Fib levels, giving us the potential targets marked above at $126k, $136k and $149k.

On the daily (TOP RIGHT) amongst all the hustle bustle from the weekly, we have a hidden bull flag inside the descending channel, adding further bullish confirmation, and a perfect bounce off the short term golden pocket, which shares confluence with the mid term .786 Fib level.

On the 4H Chart (BOTTOM LEFT) we can see in more detail, how it has failed to retake the mid-point of the channel, instead relying on support from previous levels within the channel.

On the 1H Chart (BOTTOM RIGHT) - We can see that it is now testing the top of the channel and this is really where the tell tale signs of continuation are. If we take this channel top within the next few hours we are most certainly going higher and all the bullish patterns and signals will be playing out - $126k Here we come!

Now, If it rejects here, then we respect the laws of the channelm  and would be looking to see a reaction around the mid point, to see where our Bias should lay.


 




 


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