Potential AB=CD measured move to $7500 if this pennant plays out
Tight consolidation after the impulse move to 5700 sats. Broke to the upside - now looking at 6500 as the AB=CD measured move. Lines up with the next obvious swing high too (i.e. stops above = liquidity).
>Top of linear regression channel and >Completed AB=CD measured move >SFP of 22 August high (if confirmed) >Bearish divergence on H1 (again if confirmed)
I'm long average entry around $6600 - here's the kind of thing I'm expecting. Invalidated if low at C is taken out. Will likely manually close before that though. $BTC #Bitcoin
Bitcoin analysis based on @CarpeNoctom @bravenewcoin article. C-clamp of 15% with bull div looking very similar to April's 16% C-clamp with bull div. Close above high volume $6800 level suggests we see $7800-$8200 based on confluence of Kijun + 89, 144 and 233 EMA.
Downtrend line since start of May broken. Edge to edge triggered and Bband breakout on the 4 hour as volume returns after a month of consolidation. VPVR, Ichimoku and fib confluence pointing to a target of around 0.16.
Symmetrical triangle forming as price enters the 4 hour Ichi cloud. Triangles usually breakout in their bottom third which price has just entered. Measured move of 18% lines up with 1.618 fib and bearish order block above. Volume squeezing looks ready to expand.
Inverse head and shoulders potential. Would make sense alongside the Ichi cloud C-Clamp. Entry on pattern completion and/or retest. Target: measured move to between $7800 and $8000. Stop below right shoulder.