Howdy.
SO..
Given the way BTC has been acting, it's hard for me to accept that this is a possibility.
- We have a descending broadening wedge, a BULLISH REVERSAL PATTERN that, if confirmed -will give us a TARGET OF $10.4K
- We also appear to be in the business end of the huge CUP AND HANDLE pattern
- ALSO, we are at the apex of the RIGHT SHOULDER in what many traders are calling an extremely large INVERSE HEAD AND SHOULDERS.
This is looking EXTREMELY BULLISH to me, but it's hard to believe considering the few days we've had.
BUT some things to consider:
BULLISH DIVERGENCE ON THE 8HR RSI
CME GAPS ABOVE, FIRST ONE AT $9K..
What do you all think?
Are we about to MOVE UP or head back down?
SO..
Given the way BTC has been acting, it's hard for me to accept that this is a possibility.
- We have a descending broadening wedge, a BULLISH REVERSAL PATTERN that, if confirmed -will give us a TARGET OF $10.4K
- We also appear to be in the business end of the huge CUP AND HANDLE pattern
- ALSO, we are at the apex of the RIGHT SHOULDER in what many traders are calling an extremely large INVERSE HEAD AND SHOULDERS.
This is looking EXTREMELY BULLISH to me, but it's hard to believe considering the few days we've had.
BUT some things to consider:
BULLISH DIVERGENCE ON THE 8HR RSI
CME GAPS ABOVE, FIRST ONE AT $9K..
What do you all think?
Are we about to MOVE UP or head back down?
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