25th April 1:4 RR. SSV reversing on low TF. Tight invalidations and opportunity for higher TF upside targets.
Possible trend pathway to 100k. Speculate to Accumulate.
Why does the 1 hour look so similar to the Daily? Is it just me or do you’ll see it too?
Past few weeks it seemed like BTC was ranging in a symmetrical triangle, although different people had various angles of it. What seems clear now is that we are actually ranging in a descending triangle with multiple touch points on the downward sloping resistance.
Looks like we might have further downward action before new ATH. Head and shoulders on the daily has been broken and confirmed. Measured move target is among the 38K level. But personally I’m hoping for a bounce from the 43k level. What do you think?
We should see an immediate short term correction unless there is an impulse of buyers coming in before the daily close. Keep your eyes peeled for this shirt trade. Let me know what you guys think below.
Bitcoin is forming a potential W pattern. A volume breakout out of the pattern gives us a confluence target of around 57400. However it could easily turn into a M pattern. Keep your eyes peeled. The breakout will ideally play out in 12 hours. Let me know what you guys think.
If we get a confirmed breakout on the H&S pattern. Targets will be around the 1600 level, which coincidentally is also the golden buy zone for ETH. Are we in for one final correction before heading towards 5000? Let me know what you guys think. TIA
BTC has been a wild bag in the past few weeks. But on the flip side, potential double bottom on the 4h which could take us among the 63k if played out. Daily close below 51k will invalidate this. Share your thoughts below.
Is there a bearish divergence on the RSI daily? Candle has not closed yet. But the general direction indicates a short.