Just a bet on the future price of Bitcoin. Macro fractal playing out? Let's see.
Deviation and range reclaim targeting range high. Altseason incoming?
4H chart into the weekly range. 44.444 is a key level and there is a structure defined by the blue dotted line. Price respected the structure after a deviation tagging MA 300. I would like the price to re visit that 40K level and looking for longs there. But who knows? Another play would be a successful range breakout and retest.
I can see an ascending triangle (equal highs and higher lows) and an inverse head and shoulders in the chart. Target is ~0.30. Invalidation level would be daily candle closing below ascending triangle structure, just below .382 fib level. If this were to happen the price would re-enter the downtrend channel and the ascending triangle would be invalidated. Very...
Very clear levels here. Big bullish triangle and its counterpart: big bearish head and shoulders. I would keep an eye on RSI 50 level, if price break that level and hold we will witness the begining of a new bull trend. I want to see the price breaking the current VPOC level to invalidate the posible head and shoulders. On the other hand if price stay below 50...
Decission point, price is facing VPOC matching with the top of a possible ascending triangle while is breaking out of the bigger downtrend line.
Wait for wedge and RSI breakout and keep an eye on the current level, if price breakdown first stop is at ~0.17.
I would like to see the wedge working, but the descending channel is still possible. Given the current price action of Bitcoin plus the bullish divergence on RSI, I see a more likely bullish path for the BATUSDT pair.