1. A clear breakout? - YES! - $BTC has broken the trend and popped out of the long term resistance level.
2. Inverse H&S formed? - YES - A near perfect inverse head and shoulder pattern could be seen here which indicates 1st level of resistance might be 14700.
3. A bullish Ichimoku indicator? - YES - Candles pumping over kumo and the cross over indicate a bullish move here.
4. Has it crossed the current resistance of 11700-11900? - NO - This is interesting, it needs to overcome the current resistance zone to move towards 14700, if it fails to breach this resistance zone the next level of support lies at 9700.
IMO BULL vs BEAR ratio based on indicators and trend lines : 80:20
#DYOR always.
2. Inverse H&S formed? - YES - A near perfect inverse head and shoulder pattern could be seen here which indicates 1st level of resistance might be 14700.
3. A bullish Ichimoku indicator? - YES - Candles pumping over kumo and the cross over indicate a bullish move here.
4. Has it crossed the current resistance of 11700-11900? - NO - This is interesting, it needs to overcome the current resistance zone to move towards 14700, if it fails to breach this resistance zone the next level of support lies at 9700.
IMO BULL vs BEAR ratio based on indicators and trend lines : 80:20
#DYOR always.