BTC Bull idea
A good follower of mine reminded me to take notice of the volume and momentum of this recent charge in BTC.
This leads me to believe that we could be breaking out of this flag right now on 4HR and rise to 11,900 zone. A daily continuation of this bullish impulse above Aug 2019 high will make this idea possible. Usually when we get such massive volume into BTC we see Alts fall but we have also seen both move together in bullish volume. Either way if you missed this impulse it is best to sit the side lines and wait for more confirmation for the trend to continue.
If this is a new HIGH after a new LOW on BTC then we can drip farther still as I stated in the prev. idea posted or make a leaning shoulder for a continued rise. This would give us a nice ABCD move up to 17K where bears will be sitting closely for weakness of bulls.
Where do you think BTC is going for the rest of this year?
Will we stay in a black line CONE?
Will we ride down to the red ribbons once more for bull confirmation?
Is this the bulls are back for a head pattern????
This is a bullish flag with one hell of an impulse! Sellers beware. Buyers be cautious!
This is just another idea for you all to take into consideration. Thank you nagihatoum ! Please follow Nagihatoum for more related ideas.
This leads me to believe that we could be breaking out of this flag right now on 4HR and rise to 11,900 zone. A daily continuation of this bullish impulse above Aug 2019 high will make this idea possible. Usually when we get such massive volume into BTC we see Alts fall but we have also seen both move together in bullish volume. Either way if you missed this impulse it is best to sit the side lines and wait for more confirmation for the trend to continue.
If this is a new HIGH after a new LOW on BTC then we can drip farther still as I stated in the prev. idea posted or make a leaning shoulder for a continued rise. This would give us a nice ABCD move up to 17K where bears will be sitting closely for weakness of bulls.
Where do you think BTC is going for the rest of this year?
Will we stay in a black line CONE?
Will we ride down to the red ribbons once more for bull confirmation?
Is this the bulls are back for a head pattern????
This is a bullish flag with one hell of an impulse! Sellers beware. Buyers be cautious!
This is just another idea for you all to take into consideration. Thank you nagihatoum ! Please follow Nagihatoum for more related ideas.
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