BTCUSD - 11k break through ! reversed head and shoulders forming
Updated
BTC pushed as expected in my previous post. we can nicely see the consolidation for a new bullish pennant. I expect a clear cut above 11'000 then consolidate to 11'100 and more for the following hours.
Note
pushed as expected
Note
Pattern identification1) See the wicks getting always smaller /thinner, with lower low and lower high.
2) This indicates the consolidation, and following a upwards trend, this pennant should explodes to the top.
Timing:
The push happens when the 100 EMA just go above the 10/20 EMA during 5 min. This is the right moment to place your long entry.
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.