Slight retracement before continued uptrend? *PS: Merkaba likes doge
Just came across Renko candles again and maybe this is a good way to spotting harmonics?
Chances of this playing out is slim... but what the heck... Head and shoulders.
BTC is looking to go sideways for the rest of the week, consolidating at around 7300-7500 levels. Expecting a retracement to around 7100 as a support retest. The R3 pivot and trending line is currently acting as resistance. If market sentiment remains bullish, we should see a continuation of the uptrend which will break past the trending line and reach the 0.5 fib...
BTC is looking bullish on the ichimoku indicator. It has hit the R3 pivot. Expect a slight pull back soon. Good opportunity to scalp before continuation of uptrend.