I think we are in for a reversal here with BTCUSD as a H&S pattern is spotted just now. Looking for a drop to $90K or below.
Been charting this for a while and its finally ready to make a move. Look for major upward action, and increased Volume when the markets open tomorrow at 830am ET. Once SHIBA hits the news outlets I expect major FOMO to begin and put even more buying pressure behind this. *Not financial advice. My ideas only.
First Super Wave is almost complete and looking to complete its retrace here shortly. I'm on the 15min view. Expecting this to pop north again somewhere between 12/26 - 12/27.
HIT THE COMMENTS - WHAT YOU THINK? **(not financial advice at all) Posting a couple more ideas here to watch playout. Already made my move at the first ABC correction shown, and went all in on my position which is now up about $3.5K thus far today. Not bad. Looking at the next 2 hot spots shown in PURPLE for this thing to finally make its move to the heavens...
HIT THE COMMENTS FOR DISCUSSION. Just think I spotted something. BTC appears to be making some movement into an updated triangle formation, of which I believe to be creating a more bullish tringle vs. the current wedge it is trying to break. This could do a couple things here. Will it have enough volume to actually push out of the ABC its in and go north to new...
SMASH THE LIKE. Gonna Need some volume to get this thing going. Lets see what the news channels are talking about? A pop to 35+ should spark some new media attention today I would imagine. ABC correction is nearing completion and DOGE market will have to decide where this is going. Pennant flag triangle is just waiting for it... Get ready and have a plan. Good...
Smash the LIKE! Consolidation could be coming to an end on this first wave break out from midnight that just occurred. Looking like we may get some action here once news outlets and tweets start chatting today. A couple resistance points here that I am looking at before I jump in as soon as wedge pressure completes. What do you all think? Smash the LIKE!