Bitcoin Investment Trust (GBTC): Bull Wick Setups
SUMMARY
Bitcoin Investment Trust (GBTC) has pierced the long term support line for the second time and likely setting up a bull flag event. What this means is that price needs to resurface back above the support line and often this could take a few days. A decisive breach would lead to newer lows.
The MACD in this 4 hour chart is bound within the contracting symmetrical triangle lines. The brown arrow line would likely call for a small dip towards the lower suport line and yes, price is expected to follow which would also satisfy the bull wick making. The price is also moveing within a bull flag, downward pointing, channel. The confluence of pattern and waves and Indicator is quite noticeable.
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another bull wick... let's hope we get the support for a breakout
always doing great post friend. here my vote from venezuela. regards
Thanks for your TA they are very illustrative. Would you mine doing a WTC TA, I think it is in quite good entry point. Thank you.
Will do!
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DO NOT UPVOTE & DO NOT TRANSFER any funds to these people!
Haejin is WANTED by the SOUTH KOREAN GOVERNMENT for TAX EVASION.
Any money you send to this criminal organisation can be traced back to you.
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exelent information
Great share @haejin. You got my vote!
Thanks for your honest information
Hi, Isn't there an equal probability of the arrows, you have drawn, pointing downwards? The B line of the ABC corrective pattern could still be in the process of forming. Am I correct to say that?
sorry but can you please tell us what is going on with tron ( TRX ) ?
The clearly corrective price action from the recent swing low suggests there's still lower to go before a bottom. If the consolidation has ended at 6933.11, we'll look for a eventual break of 6450
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