BitcoinLong
BTCUSD 11450 - 11800 ST
Updated
Long-term: (Out of frame) Ascending wedge with three bullish pennants forming.
Mid-term : Rising trendline of the bullish pennant held, likely retest coming.
Short-term: Descending wedge likely to break upwards after finding solid support on Rising trendline.
Mid-term : Rising trendline of the bullish pennant held, likely retest coming.
Short-term: Descending wedge likely to break upwards after finding solid support on Rising trendline.
Note
Short-term: Weak break out of the Descending wedge, might break inwards and form a pennant on the support line of the MT Bullish pennant, else bounce in the crossing.Bounce expected in the 11400 - 11450 area.
Closing target in the 11800 - 11850 area.
Note
Analyses : 0.7% Drawdown | R/R 4.6 | TP1 3.1% Profit | TP2 3.5% Profit | BLEND 3.2% Profit
MVPMC
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