Hello,
As I mentioned in my yesterdays TA, we saw BTC break above the bullish pattern (bull pennant/ bull flag) on Daily chart. The rough target estimate for this pattern is in the zone of 9200±50 $. This zone is also coincides perfectly with the 0.382Fib level as well as resistance from the previous top (arrows).
Also to mention, with this pump BTC has broken out of the descending resistance coming from top of 14k (It will be a confirm break if BTC managed to close above today and open and close above tomorrow).
So what next?
Here is the most interesting part now and this is exactly what I wanted to see. If bears want to push BTC down, then this is the golden chance, also if bears fail then we are potentially looking at the start of another parabolic run.
Looking at BTC chart and **Shepherd indicator**, we could see massive bearish div forming soon (**If BTC confirms top formation near 8600 zone**). This bear div starts from 1hr and goes all the way till 12hr. If confirmed then this will be the biggest Bear div I have yet seen on BTC, and this is the chance bears don't want to miss on to.
My eyes are set on this now, drop in buy volume will be the first indication which I want to see.
For the information on the indicators I use you can PM me.
Happy and safe trading...
Chao...
As I mentioned in my yesterdays TA, we saw BTC break above the bullish pattern (bull pennant/ bull flag) on Daily chart. The rough target estimate for this pattern is in the zone of 9200±50 $. This zone is also coincides perfectly with the 0.382Fib level as well as resistance from the previous top (arrows).
Also to mention, with this pump BTC has broken out of the descending resistance coming from top of 14k (It will be a confirm break if BTC managed to close above today and open and close above tomorrow).
So what next?
Here is the most interesting part now and this is exactly what I wanted to see. If bears want to push BTC down, then this is the golden chance, also if bears fail then we are potentially looking at the start of another parabolic run.
Looking at BTC chart and **Shepherd indicator**, we could see massive bearish div forming soon (**If BTC confirms top formation near 8600 zone**). This bear div starts from 1hr and goes all the way till 12hr. If confirmed then this will be the biggest Bear div I have yet seen on BTC, and this is the chance bears don't want to miss on to.
My eyes are set on this now, drop in buy volume will be the first indication which I want to see.
For the information on the indicators I use you can PM me.
Happy and safe trading...
Chao...
