I'm looking at 4h timeframe. If S&P succeeds in breaking out parallel channel, the neckline of Cup and Handle pattern and at the same time ascending triangle upper band/resistance/ more likely it will hit 4180-4200$ target as mentioned on the chart. Before reaching the mentioned target. I expect a small rejection at 1.61 fib level and retest of C & H neckline.
This move/pump/ will be very bullish for BTC as they are highly correlated and it will give room to it. And simultaneously BTC will break the ascending triangle formed by a nice double bottom/Adam & EVA pattern/ with the target 24-25K published on my previous analysis. I even expect it to test the main trendline and horizontal resistance at 28-30K .
This move/pump/ will be very bullish for BTC as they are highly correlated and it will give room to it. And simultaneously BTC will break the ascending triangle formed by a nice double bottom/Adam & EVA pattern/ with the target 24-25K published on my previous analysis. I even expect it to test the main trendline and horizontal resistance at 28-30K .
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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.