11k
#BTC - #Bitcoin let's #moon to 11k!! risking a long here, been keeping an eye on this ascending triangle & I just got my first entry filled!!
this is a swing trade with good R:r
Bullish pennant, target $11K!Smaller time frames reveal what looks like a bullish pennant formation. Target is $11K (roughly the pole length) then a correction.
BTC Update! Tightening range. Bulls desperately trying to defendYesterdays chart we were watching the expected tight range of $11,0888-11,585 and potential setup for a small equilibrium. We traded within that range all day and really have traded within a 3.5-4% range for 40 hours now. Volume slows down and really just nothing of interest to traders. We established a lower high yesterday it appears at $11,456 and now this morning dipped down to $11,158. Bulls continue to desperately try and defend $11k so I am now watching this tightening range between $11,158-11,456 with continued expectation that $11k will cave. As always, have a plan for either direction. If bulls can step up and get us back above $11.5k then I'd personally look at some scaled in entries on any consolidation from there.
We were also watching EMA resistance on 4 hour chart and EMA support on daily chart yesterday. Both are still in tact but bulls struggling to hold daily EMA support currently. As this range tightens up, I do expect a break today or tomorrow so will keep a watch on volume as well.
Just My 2 Sats!
Bullish pennant is building up. Breakout to 11'000 imminentLONG SCENARIO:
After all the fear and doubt that were raised during the last week, BTC did not fall back below 10k, to the abyss of 8.5k. During the last 24h, a build-up has formed, which indicate the will of the market to push upwards despite the uncertainty.
This bullish pennant forming is the second shoulder of the reversed head and shoulder pattern, which indicates me a probable raise to 11k at least to go out of the bearish tunnel.
BTCUSD - 11k break through ! reversed head and shoulders formingBTC 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.
BTCUSD - Will IT regain it's former Crown? (Potential BUY)All information on the chart.
Patterns included:
1) Ascending Triangle: If BTCUSD breaks above, confirmed bull run.
2) Broadening Formation (Bullhorn pattern)
Fuel is ready for 11k !!!Im a noob so bear with me a simple chart that i have drawn comparing the last breakout and the current breakout that we are witnessing together with some price range BITFINEX:BTCUSD
Fractals gonna fractal! To 11.7k (updated)Hello everyone,
In my previous post I made an error in scaling the data. Now that we have a bit more of the trend available this updated chart should be a bit more accurate in terms of path. Target still stands: 11.7k
Lets see if it 'roughly' follows along. If not.. well than I have to dive back in researching again.
Greetings,
Vincent
NZDCAD: Long term operation ~160 days 11k PipsThis seems quite interesting, please check it out and notice me if you agree with this analysis...
Cheers Mate!
