Total Massive Pump or Massive Dump ? 🤔

已更新

Hello Guys ❤️

Hope all of you are good.

As u see on my chart , Total is inside this stubborn channel for a long time , failed to break it out about 4 times in the last year.

Also we informed a pattern called Double top till now.
***Breaking out of this channel will be good for the market and we won't stop before achieving the target 1.60T but first we need to break the upper nick line at 1.26T

****if the double top pattern was correct and worked this will be very bad for BTC & the whole market and it will down at least to the lower nick line at 974B (The middle of the channel also) and if we broke it down will down to 690B or anywhere in the bottom of the channel.

Only take care and watch out this chart to know what will happen.
Next days will be very interesting to the market.
I hope for all of you big profits and happy life.
I am just sharing my thoughts with u.

It is not a financial idea and plz DYOR.

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About 6% drop after we touched the upper of the channel.
We can consider it as a healthy correction till now.

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if there was 10 scenarios for bitcoin (9 Positive & 1 Negative) ... Trust me BTC will choose the negative scenario :D
BTC always love to dump

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Nice retest the broken trend of the handle , we shouldn't break it down and next daily candle will be green .

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Still in this critical area

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If u find Total at 8 or 9 October here , buy :)

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Break out

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Good Move and we have reached the Fib Level 0.618 , now we need to close above this level or we will dump at least to level 0.236.

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Big Action means Big Move Up or Down

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Green Lines are very important levels , we have reached the first one , i think the second one is the most important level , let's see.

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Perfect Move to Fibo Level 1.618

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1.26 T Again (the upper neck line) , now we need to break it up to go to green levels (1.54 T - 1.60 T) ...... or we it can reject the bullish candles and go down from the current level.

Honestly in this current level every thing can be happen , and it is very difficult to determine what is the next move , So we need a confirmation first to know the exact next move.

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Good breakout of the Upper neckline with bullish candle yesterday and today r retest candle for the neckline again.

Take in consideration this neckline as an indicator between bullish and bearish Market.

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still bullish as we are above upper neck line (1.26T) , we need to breakout of the stubborn level (1.30T) by a good volume or we can drop down from here. take care and trade safe

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also we have this bearish flag (till now) , we need to breakout from this channel to continue up , if not this will be very bad for the market.

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2 daily candles close above that stubborn level is good for the market , we still bullish now

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In weekly chart , Also we start to breakout from this wedge and important resistances levels , I hope it won't be a fake breakout and continue up to targets.

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after achieved our targets up and down , consider this yellow angle as a very strong support.

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AS I mentioned in 17 of July 2023 our target 1.60 T is done.

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Look at this and compare with my comment in 7 dec.

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Again

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1.70T still working as very strong resistance

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Touched the last trend for now while touched 49000$

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I think we can go to this circle around 1.41 - 1.42 T

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Perfect Touch

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Target 4 is done 1.908T

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Total Reached this red angle which is 45 degree from the bottom (Nov 2022)
Closing above this angle at least 2 candles is good for and the whole market , also we can reject by this angle ( very strong resistance).

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Breakout and close above this angle (45 degree) is very good and a big indication to a new ATH for very soon.

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Retest this magical angel (45) also is very good to contention up trend , we have to keep the daily close above this angle .. if we closed 2 daily candle below it.. i will stop all of my trades.