USDDAD

USDDAD

Shout out to Rampage... appreciate your content www.tradingview.com twitter.com

USDDAD

Need the candle to close inside the cloud before this setup initiates.

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Super bullish scenario. Anything is possible right?

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We history repeat?

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If we hold support, it might be go time

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Time will tell...

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H&S pattern won't be validated until we see a break of the neckline, so we are purely speculating. Fib extensions suggest 15k, while a measured move suggests we breach 17k. Last bubble featured a bounce which ultimately failed 15% from the local top. 17k would also be roughly 15% from the previous top back in December. Coincidence?

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Measured move of potential inverse H&S takes us to 12k, where we face strong resistance

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BTC reversed its down trend accompanied by high volume, and a continued upward trend is expected. Price is currently in consolidation, and we continue to bounce off the .618 fib. Few key levels to watch as we climb to determine if BTC transitions into bear cycle, or we continue the bull run.

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All signs point towards the bubble being popped, and we can use 2013-14 as our road map. Will BTC follow a similar path?

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Many charts currently look the same, and it appears another round of alt pumps are on the horizon.

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EMA's can be helpful, and we can use them on a larger time frame to show bull and bear cycles. This EMA was resistance during bear, and has turned support during bull. Until we break and close below this level, BTC remains bullish. Keep buying the dip until proven wrong.

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2 different buy zones here, 1 more aggressive than the other. This may be the lowest current entry before breaking resistance.