5th Leg extension, on the escalator ..... going up
BTCUSD
Note
a long term potential to keep in mindNote
watch for cross on the MA's which should get us a higher high , higher low and begin our upside, I will be taking a position ( Long ) from established supportNote
are we having fun yet, this is going to be my trade of the year when I short the top, feels good making moneyNote
6 days to cook to 80 and then ppl will expect 3 drives bull candle which should pop us up to 103Note
weve exited the rising wedge on the downside but found the historic recent support zone. this may allow us our higher low that we've been looking for, we had a higher high oscillationThis could be a reversal of downtrend and indecision opening up 81k and above
I believe if we can track a higher high on movement that we may say a volume pump driving price increase
I would be interested in hearing anyone elses thoughts in the comments
Note
we failed to make higher highs so instead we managed to bearishly exit the pennant making lower lows , lower highs . breaking support and creating a pennant pattern as well as falling outside the Bullish momentumPotential Corrective wave but may not be able to flip resistance to support, Volume is low and there is a current hesitation in the market which may indicate the need to revisit a zone below current levels, We will wait to see what happens upon break of the pennant pattern
git some
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git some
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.