This is a follow-up to my post on April 1st regarding Bitcoin's Inverted H&S formation on the Daily. As previously mentioned (on TradingView), this was a formation that I was observing to see if it would play out.
Zooming out to the Weekly chart you'll see an Ascending Triangle as well.
My "Blast Off" Date is still targeting May/June before the rockets begin.
Things to note:
- Higher Lows since the sell-off in February
- Bull Volume is picking up as we approach resistance
- Bear Volume is decreasing
- Tightening Range ($52k is a strong support level)
- RSI & MACD is still healthy
Zooming out to the Weekly chart you'll see an Ascending Triangle as well.
My "Blast Off" Date is still targeting May/June before the rockets begin.
Things to note:
- Higher Lows since the sell-off in February
- Bull Volume is picking up as we approach resistance
- Bear Volume is decreasing
- Tightening Range ($52k is a strong support level)
- RSI & MACD is still healthy