IronCortex

Currently in a bull flag. Looking for a break up to the next supply zone.

I've done this TA in a different way to the usual trendlines, SR zones, chart patterns etc. I'm going to rely on indicator patterns. Going to ignore all the bear flags. 1. Every time BTC on the weekly touches the 2 ATR line below the average (white line), there is reversion to the average. Mean reversion (white circles). We are at that stage now. 2. Every time the faster weekly MACd turns green, there is a few weeks of bullish behaviour. It seems its about to turn green.3. Every time CCI goes below 100 twice during the same trend, it reverses. At that stage again now.4. A weekly pin bar is forming this week on what is probably the most important SR zone (this is the only SR zone i've included as its a major one).5. Bullish Volume is increasing.I don't really care about the macro economic situation because logically who will sell BTC now at this price? If you sold above 30k, you've sold, but if you've held on this far down, I doubt there will be people willing to sell lower, they will probably just hodl until prices go up again.Whatever the case, I do believe there will be a move up now to atleast 30k before we see any lower prices.

The white elliot waves are from the 1H. The 5 white impulse waves form wave 1 of the 4H EW (pink). ABC in white is from the 1H which forms wave 2 of the higher fractal (4H). That means hopefully wave 3 incoming on the 4H which may take price to previous support which is also the 161.8 fib.Just a possible path based on elliot waves and fibs.

Price in wave 4 will hopefully not go any lower otherwise the wave structure breaks and gets nullified as wave 4 goes into wave 1. Wave 5 won't be a massive impulse otherwise wave 3 will end up being the shortest. Im guessing wave'5 will break the resistance and the a,b,c correction will be a retest of the resistance as support.

A break of 200 EMA on 4H and minor resistance at $1.50 should take us to the target of $1.74 where I expect there to be some heavy resistance because:1. strong downtrend line (white) meets2: previous medium resistance (teal) which also meets3: fib 128 level.Manage your money, remember stop losses, this is only to remind myself, nothing I publish is financial advice.

Unless BTC drags Link down, Link is at its absolute bottom.1. White trendline has never been broken for about, Link has been bouncing off it since March 2020.2. RSI on the weekly is at support.3. Divergence on RSI (daily).4. Price is At fib 786 retrace level.5. Has already bounced off $15 (rounded) support level.

In my last idea I was waiting to see if the channel would break down or if BTC would bounce up. On the daily the channel broke downwards.So going to the monthly we can see that there is a high probability price will now go down to around the 31k support at least. Reasons for this are:1. Double top2. Bearish divergence on RSI3. Bullish volume is dying out.4. 50EMA support will be around 30k, maybe a bit lower.There will almost certainly be a bounce up from the 50 EMA as this Ema has provided support for 5+ years. How far back up will this bounce go? Almost certainly to the 51k resistance as this is the 0.5/61.8 fib retrace level.