After the big push in
BTCUSD
it formed a nice bullish pennant which is coming to an end. This looks at the H4, but also applies on D1. IMHO everything looks like a bullish breakout which would probably result in a push to 6k.
OTOH there is a bit of divergence with the RSI which can be a warning signal. But considering the overall market and sentiment i am bullish on this one.
If the pennant is broken south i would expect a retracement at least down to the MA 100, but this might easily be just a spike before bulls retake controll, so be cautios!
BTCUSD
it formed a nice bullish pennant which is coming to an end. This looks at the H4, but also applies on D1. IMHO everything looks like a bullish breakout which would probably result in a push to 6k. OTOH there is a bit of divergence with the RSI which can be a warning signal. But considering the overall market and sentiment i am bullish on this one.
If the pennant is broken south i would expect a retracement at least down to the MA 100, but this might easily be just a spike before bulls retake controll, so be cautios!
Trade active:
long breakout happened. now move it ;)
Trade closed: stop reached:
well shit.