Hello spotted bullish pennant formation on BTC and this could take us to 14k zone when break up.
keep an eyes on it and follow our proposed entry zone for your long and always remember to use stop loss.
So, we broke the 50ma on the daily. The cloud is now acting as support. My prediction, is we go sideways onto the cloud, break through and run towards the 200 ma on the daily. If you set up bollinger bands the weekly must retest close to the ma. I am bearish right now, but we will see where we end up.
We got a fresh test of a demand zone which seems to be holding against the bear assult.
We've already broken 2 demand zones (which i've removed the one with the lower timeframe) and formed a new supply zone which in my opinion it should come back to test before going further down.
This could be the lower high or "E" wave
If it runs through the supply zone, then...
FibMA's looking good and there is not a sell indicator. I have Fibonacci levels on the diagonal and resistance marked. The volume is not there yet, volume precedes price. So I'm going to be a believer with some good stops.