A few days ago I took a gamble and thought we might have an ascending triangle forming and got it right this go around... BTC after the trend reversal on May 29th is just moving up nicely! We are consolidating now and looks like we can and I believe will make a run up close to 8.1! That Aroon Oscillator I am loving is taking a dive on the 4 hour chart which in the past means we are about to make a run up... fun times are ahead!
Note
Short term looks like we may dip to 7550ish before we start running up...Note
Just throwing some idea's out there... an also learning at the same time. With the weekends being notorious for low volume dips we could have a down day tomorrow after we touch the daily average at 7.8k. An this would form a "bullish three line strike". The scenario matches up pretty well with the time frame of the weekend and then heading back north by Monday... anyways might never happen just thought I'd throw it out there..
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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.