BTC (Prj.2019.P03.E11).Breakout imminent?
Updated
There are some Fractal at play from 2017 bull run.
As per chart, we have a price that refuses to go down and consolidation taking place under a main resistance line.
Also some time back, I stated the level required to confirm its a bullish trend, open and closing on the daily to take it as a sign.
Fractal at play: Both have the same run up, ALT and then a formation of a bullish pattern and then a breakout, consolidation and up trend (expected)
Another common factor:
2 EMAs and 1 MA crossing over on the 4 HRLY has in the past, indicated a bullish uptrend.
As per chart, we have a price that refuses to go down and consolidation taking place under a main resistance line.
Also some time back, I stated the level required to confirm its a bullish trend, open and closing on the daily to take it as a sign.
Fractal at play: Both have the same run up, ALT and then a formation of a bullish pattern and then a breakout, consolidation and up trend (expected)
Another common factor:
2 EMAs and 1 MA crossing over on the 4 HRLY has in the past, indicated a bullish uptrend.
Comment
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Possibly ?Comment
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This seems to be the pattern. If it breaks down below this, then we will most likely test the next level down. As for now, its also possible with this bounce we might break the pattern upwards.Comment
bullish divergence,,it should kick in now?
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