Its a bullflag, stop drawing H&S, and Elliot waves that are poorly done...
Everyone saying "I'm ready to buy the next dip down"... no you weren't the sentiment on Wednesday ranged from scared shitless to super scared shitless, we all saw what was being said on here and around the internet/twitter.
Might be time for a good solid look in the mirror for most traders...
Can't set accurate targets because manipulation seems clear in history, but large upside on this one.
Broke out of accumulation in December and has been up trending.
Buy small bag, set and forget.
Bounced from Fib support/falling wedge bottom, MACD/RSI turning UP, looking for confirmation outside the wedge. A 4h candle closing above wedge would suffice.
POWER recently showed a massive bull run on back of some solid product news and feature aspects.
Technically, not enough data to present a conclusive trade, however, on hourly chart we can see 50% Fib being a support along with a possible double bottom, both can push the price upward towards new high.
Can be bought at current levels with target at 0.000118 and...
As you can see on the graph, I am looking for a reversal in BTC after a new high. This type of reversal pattern works very well on big timeframes, especially when it has a divergence forming on MACD indicator. Based on the pattern, our target should be at least 5000, followed by a correction and then 4500/4000.
