BTCUSDT 4H - Bull Flag & Pole Breakout + Potential IH&S - ~90k
Flag & Pole would place target at ~90k.
Potential IH&S and retest of previous resistance trendline (now support) seem good Long entries.
Several similarities with the end of February:
- RSI trendline breakout
- Long term support trendline test (purple)
- TD Sequential Buy Setup
Comment:
Zoomed in view of current key areas and invalidation for this TA. Looks like we might finally be seeing a takeoff.
Zoomed in view of current key areas and invalidation for this TA. Looks like we might finally be seeing a takeoff.
Comment:
Still very significant similarities with the move at the end of February. I am more and more confident with the TA, and expect the pump to resume after some more sideways consolidation. Still targeting high 80s / low 90s when the move is fully developed.
Still very significant similarities with the move at the end of February. I am more and more confident with the TA, and expect the pump to resume after some more sideways consolidation. Still targeting high 80s / low 90s when the move is fully developed.
Comment:
Potential ascending triangle forming, if this keeps mirroring previous moves I expect an upwards breakout to generate a ~10% pump. Still long, still strong :)
Potential ascending triangle forming, if this keeps mirroring previous moves I expect an upwards breakout to generate a ~10% pump. Still long, still strong :)
Comment:
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Quick update with added target, getting closer and closer, a breakout on Monday doesn't seem unlikely at all.
Quick update with added target, getting closer and closer, a breakout on Monday doesn't seem unlikely at all.
Some consolidation, but original TA still in play, the only potential invalidation point I see would be a sustained breakout below the purple trendline.
TD Sequential flashed another buy setup after recent minor pullback, followed by trendline breakouts for both price and RSI.