Very Possible bull flag on BTC/USD Coinbase
Updated
BTC/USD Coinbase
-Possible Bull flag
-Possible Targets include...
-Short: 57.8 - 56.1
-Long: 65.7- 67.4
- Close to close triangle on 4 hour
- High to low triangle on 4 hour
-A13 Signal of high volatility coming
Well as it stands let's get this out of the way. So far we have gotten a massive rally followed by an incredibly well-defined pennant on the 4-hour. After its creation bulls and bears have been loosely trading the ranges tighter and tighter forming what we now have. With the bull market around the corner? Everyone will go bullish eventually but you have to have the question of the pre-halving activity. One of really 2 things was going to happen I think here. Either a retest of the 50sma on the 4-hour was probably going to occur or a pump of a bull flag. Now I have measured both realistic possibilities based on concepts on harmonics and very common T/A nothing special here. The measurements are for the upside, 65.7 or 67.4. For the downside, 57.8 or 56.1. I think that for every dollar we go up we are going to fomo more people in. I figure this because when you are out of an accumulative structure, You better be right and people tend to be biased towards the side it's already going. Now, btw I have pointed out an A13 my most significant signal for Volatility to come. With the scale of the 4 hour timeframe it tells me we are finally leaving this very boring range, to be honest, I was getting a little tired myself. I will say one thing while we are trying... to get out of the pennant from the close-to-close perspective this has another "final" triangle that exists from the High and Low of the candles on the 4 hour.. Meanwhile, I'm curious if within that space the price action may have a rejection of a level of slanted trendline, maybe a tweezer top not to mention risking a possible "Long" on the discount of the price action testing the top part of the triangle from close to close... and worse high to low triangle. Not all structures "Go with the flow" perfectly so be careful out there. So basically there is still work to do to go higher properly. If we reach those higher levels. I'm just gonna go and say it... There is no T/A up there trust me, 2020 is an example if the market wants to throw BTC down it will but the difference is, You didn't predict it, You are confusing intelligence with pure luck. This goes both ways for bulls. I'm not even joking the most accurate thing you can look at those highs is the order books. That's it.
-So anyway set your stops, there is a time and a place to wait for pull back but don't get greedy.
-Today.. as of now Unless the candlesticks show something different, with Bullish divergence going around on the daily and the 4 hour like 1 candle ago, and the A13 as a catalyst... I am going to say I am long on this personally. Usually, I am neutral but *sigh..* Today is the day I guess and it is what it is.
Choo Choo bois. Choo Choo 🚂🚂🚂
Stay safe, Happy Trading.
-Possible Bull flag
-Possible Targets include...
-Short: 57.8 - 56.1
-Long: 65.7- 67.4
- Close to close triangle on 4 hour
- High to low triangle on 4 hour
-A13 Signal of high volatility coming
Well as it stands let's get this out of the way. So far we have gotten a massive rally followed by an incredibly well-defined pennant on the 4-hour. After its creation bulls and bears have been loosely trading the ranges tighter and tighter forming what we now have. With the bull market around the corner? Everyone will go bullish eventually but you have to have the question of the pre-halving activity. One of really 2 things was going to happen I think here. Either a retest of the 50sma on the 4-hour was probably going to occur or a pump of a bull flag. Now I have measured both realistic possibilities based on concepts on harmonics and very common T/A nothing special here. The measurements are for the upside, 65.7 or 67.4. For the downside, 57.8 or 56.1. I think that for every dollar we go up we are going to fomo more people in. I figure this because when you are out of an accumulative structure, You better be right and people tend to be biased towards the side it's already going. Now, btw I have pointed out an A13 my most significant signal for Volatility to come. With the scale of the 4 hour timeframe it tells me we are finally leaving this very boring range, to be honest, I was getting a little tired myself. I will say one thing while we are trying... to get out of the pennant from the close-to-close perspective this has another "final" triangle that exists from the High and Low of the candles on the 4 hour.. Meanwhile, I'm curious if within that space the price action may have a rejection of a level of slanted trendline, maybe a tweezer top not to mention risking a possible "Long" on the discount of the price action testing the top part of the triangle from close to close... and worse high to low triangle. Not all structures "Go with the flow" perfectly so be careful out there. So basically there is still work to do to go higher properly. If we reach those higher levels. I'm just gonna go and say it... There is no T/A up there trust me, 2020 is an example if the market wants to throw BTC down it will but the difference is, You didn't predict it, You are confusing intelligence with pure luck. This goes both ways for bulls. I'm not even joking the most accurate thing you can look at those highs is the order books. That's it.
-So anyway set your stops, there is a time and a place to wait for pull back but don't get greedy.
-Today.. as of now Unless the candlesticks show something different, with Bullish divergence going around on the daily and the 4 hour like 1 candle ago, and the A13 as a catalyst... I am going to say I am long on this personally. Usually, I am neutral but *sigh..* Today is the day I guess and it is what it is.
Choo Choo bois. Choo Choo 🚂🚂🚂
Stay safe, Happy Trading.
Note
I would be one Cautious boy after the daily candle closes because it's also the weekly close and that may kick start some more movement sooner than later.Note
😩 Just barely touched T1. Still Good stuff, hopefully we get to T2 without too many interruptions.Note
Target 2 got hit, Welp that's all I got I guess..
The weekly bull flag in one of my other posts got completed at the end of sunday so... I got nothing lol good luck.
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