BITCOIN | Bullish Continuation, To Wick Fill To $40.000
Updated
Hi,
My previous idea played out very nicely. Inverted Head and Shoulders worked quite well and after the price reached around the target area, the price of Bitcoin has printed a small consolidation range.
This idea is meant more for short-term traders because the price zones are pretty tight but with high odds. "A small gain possibility is better than no possibilities" - Vaido Veek :D
...oh damn, it's moving already...
So, a 1-hour candle close above the light-blue area, and the first target is the peak of the wick. Quite a high chance that it might also approach 40k+.
As said, firstly you will wait for a 1-hour candle close ABOVE light-blue resistance. 1h candle has to be WITHOUT any significant higher wick and to get a better entry price wait for a retest and go for it.
Regards,
Vaido
My previous idea played out very nicely. Inverted Head and Shoulders worked quite well and after the price reached around the target area, the price of Bitcoin has printed a small consolidation range.
This idea is meant more for short-term traders because the price zones are pretty tight but with high odds. "A small gain possibility is better than no possibilities" - Vaido Veek :D
...oh damn, it's moving already...
So, a 1-hour candle close above the light-blue area, and the first target is the peak of the wick. Quite a high chance that it might also approach 40k+.
As said, firstly you will wait for a 1-hour candle close ABOVE light-blue resistance. 1h candle has to be WITHOUT any significant higher wick and to get a better entry price wait for a retest and go for it.
Regards,
Vaido
Note
We got a breakout, we had a retest, the price of BTC filled the wick area and it reached to 40k. Mission accomplished!
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