WadeYendall

Measurement on the breakout makes the upside target 5000 ish. This would be a gain of 60% from here.

Here is an updated chart of BTCUSD that I have been posting for months. My play has been to wait for a break of the 29K and buy in the green zones below or look for price to get above resistance at 42k. So far the 29k level has proved unbreakable and momentum seems to be building again for a run at 42K. We now have a 9/21ema cross on the daily which for me is a bullish sign. Will look for price to hold the ema cloud and move through 42k before I get too excited. BTC needs some sort of catalyst to really get going again. Let see what happens.Successful retest of zone identified. This is bullish with next target zone 50k.Held up at the 200 sma but is now breaking through= bullishKeep an eye on the 51136 level for a pull back. Long term still expect to see ATH again this year. Potential spot to add if you have missed the run from 30k so far. Above 50K this could really get going.BTCUSD is very technical so did exactly as expected and pulled back from the 618 fib and the 50k zone giving a buying opportunity before a potential move higher. We are now back testing the 618 to the upside. If it breaks through the 886 fib and ATH are within reach. I'll post a longer term chart soon.Above 52K.. looking for 57K now.Nope... rejection just past the 52k and the 618. Dropped 5k in quick fashion. Must be sell the new event after El Salvador legalized. Another buying opportunity if we get a sharp drop to 42K.Wow flash crash to 43K. Hope some people had their buy orders. I will have to re chart this. Should be some interesting price action going forward.

Here are my dump levels again. So many people talking about BTC getting to the 24/27K level I had mentioned that it may become a self fulfilling prophecy and here we are retesting the low. I have had limit orders in for a while now and I'm guessing that I am not the only trader expecting this flush move. Check out my previous posts to see how it has played out.Bounced sharply off the 29k low... Despite the downward momentum the level held. This could be a bullish sign. Watching the 35/36k zone. If its going to roll over again its likely to happen there. Above 36k things get interesting to the long side. Personally hoping for a deeper flush then recovery for sustained bullish move.

If this base can breakout and hold there may not be a flush to 27k as everyone expects. 50K will remain a tough level to break through so stay mindful of the overhead resistance.Breakout above 40k failed so retest of lows incoming. If the lows fail watch the 27/25k level carefully. As I stated before many expecting this test and flush below the recent 29K low. A new low would likely bring in a new wave of buyers who have been patiently waiting for this potential move. Lets see what happens.Waiting .... Still trying to confirm a base. Currently stuck between 40k resistance and 30k support.So close to confirming a base breakout then Elon tweets a meme. He is obviously aware of technicals. Why he did it I have no clue.

Likely to have a deeper sell off along with BTC . Here is the first zone to watch. I'm simply adding at these zones, not trading them. Expect heightened volatility due to Elon's rants.Attempting to base with BTC from green zone. If green zone does not hold next level down would be 3000 to trend line support.Rejected and broke down. Coming into trendline support now.

Thanks to Elon it looks like the rounded top in BTC is threatening to break to the down side. Here are my levels to watch. I would expect a significant bounce from the first level, but that bounce may roll over again. Given that the second level is the spot I will look to add heavily if we get the drop. Musk is setting himself up to start his own digital currency which will likely cause some serious volatility in the crypto space. This should lead to some great buying opportunities for those who missed the run up so far.Needs to double bottom here or 30K could come very quickly.Test the green zone once. Now trying to find a base.Rejected at 46K. Breakdown likely. 30k now in play if the 42300 level can't hold.