BTC (Y20.P2.E5).Macro.Cup and Handle time?

You decide!!

Ribbon is the 10 and 20 EMA on the daily. One can imagine this moving into the target buy zone and hence still bullish.

Please don't forget to give me a tick\like, as I would appreciate it.

Regards,
S.Sari
(for my reference > Master.copy)

Kommentera:

Look to buying back in at the Daily 50 MA, which has confluence with the golden cross with the 200 MA. ~8500 range.

Kommentera:

Another perspective. Hence I'm struggling to know which way to go. I will short until I see signs of either. Meaning I will continue with the trend and use the 10, 20 and 50 EMAs.

Kommentera:

Update: It is more likely that a pullback happens based on the daily candlesticks. The resistance we are at is a major fib level as per chart. I see the 200 MA or 50 MA coming into play on the daily.

Order avbruten:

Stupid of me to put a neck line at this level. My previous post said I expected 10200 or more. So that becomes the neck line.
If we have decent in a form of a channel or wedge, then this will fulfill another requirement of the cup and handle.