BTC nevers brokes in a bull run the 100 EMA daily. The curve is approaching 10'000, which tightening the wedge and setting up BTC for a rapid and fast move to the upside.
The same pattern of a raise in a tunnel is happening again. 2 times already a push in a tunnel of 60%+ happen. Market is consolidated for this after a reversal "Adam & Eve" pattern following with a handle, indicating a major move upwards.
Guys i cannot sleep, because I have this guts feeling that something will happen soon. I am thinking BTC will push through 9700 to 10k very soon, because tomorrow will the FED "most likely" make an interests rate cut -> leading to an inflationary monetary policy -> printing more money. As BTC is a store of value (-> protecting versus inflation), smart money will...
LONG 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...
BTC 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.