Long

BTC getting ready to pump?

Updated

BTC is in a tight consolidation on declining volume getting ready to make a move. We are consolidating under major resistance and drawing a continuation pattern. The target for this break out is 27k on a spike in buy volume. This is my primary view as I am anticipating this to be the start of a push for 30k. However, This move will most likely depend on the stock market breaking out on its consolidation to see this relief(see previous post). If this pattern fails, I will look for 22k-22.5k. Then I will look for the next setup

Note

Note

Obviously since the SPY brokedown, so did BTC. Both patterns failed unfortunately but as a consolation, both setups hit their bearish back up targets

Note

"THIS SETUP HAS PLAYED OUT"

BTC-HONDA

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