$BTC has completed a bullish ABCD reversal pattern.
Bulls have successfully defended $6.85K 4 days straight in the green box, prior to breaking out of it.
Price was held by a HVN, and I think it'll get held again at the POC this time. I'm expecting some consolidation there while the market decides on where to go.
3 HR chart I published earlier is showing a strong possibility of an iH&S, backing up my target for $8.3K.
Plus, the MACD looks to be crossing over the signal, adding to the bullish narrative.
A possible iH&S on the daily time frame could present itself.
If $8.3K hits, a correction to $8K could form the RS near the 0.236 fib.
The iH&S could be what catapults us out of that resistance and bear market.
IDGAF what the target is after that, as long as we are out of this bear market.
Follow me on twitter @asikimart for more charts.
Bulls have successfully defended $6.85K 4 days straight in the green box, prior to breaking out of it.
Price was held by a HVN, and I think it'll get held again at the POC this time. I'm expecting some consolidation there while the market decides on where to go.
3 HR chart I published earlier is showing a strong possibility of an iH&S, backing up my target for $8.3K.
Plus, the MACD looks to be crossing over the signal, adding to the bullish narrative.
A possible iH&S on the daily time frame could present itself.
If $8.3K hits, a correction to $8K could form the RS near the 0.236 fib.
The iH&S could be what catapults us out of that resistance and bear market.
IDGAF what the target is after that, as long as we are out of this bear market.
Follow me on twitter @asikimart for more charts.