After having a sizeable ABC correction after 5 very bullish waves up, I believe BTSBTC is looking good here.
Falling Wedge, Fibonacci, Bullish Pennant - After finding a bottom at the 0.88 fib level, BTS had a month long sideways movement out of the falling wedge and eventually have a small pump in early April to then consolidate and form a pennant, with a volume profile to match.
Daily Chaikin - After spending time underwater, the Chaikin Money Flow is now nearing the 0 line, showing increasing buy pressure.
4H RSI, 200MA - The 4H RSI is showing some hidden bullish divergence on this pennant. The flagpole shows a large spike in volume after breaking the 4H 200MA, overall BTS is looking good for now.
Falling Wedge, Fibonacci, Bullish Pennant - After finding a bottom at the 0.88 fib level, BTS had a month long sideways movement out of the falling wedge and eventually have a small pump in early April to then consolidate and form a pennant, with a volume profile to match.
Daily Chaikin - After spending time underwater, the Chaikin Money Flow is now nearing the 0 line, showing increasing buy pressure.
4H RSI, 200MA - The 4H RSI is showing some hidden bullish divergence on this pennant. The flagpole shows a large spike in volume after breaking the 4H 200MA, overall BTS is looking good for now.
Trade active:
BTSBTC has broken out of the handle/pennant!
Target for this run using the flagpole is resistance point at 2500sats, with a stop along the way at the .88 fib/2250sat.
Target for this run using the flagpole is resistance point at 2500sats, with a stop along the way at the .88 fib/2250sat.