I'm hiding in the bushes and waiting to see what's in store for Bitcoin.
I am seeing us range within a larger ascending channel (bull flag?), and within that I see a cup and handle, a bullish bat harmonic and a descending triangle in play.
My whiskers are telling me that maybe the descending triangle will break to the downside, putting us close to D on the bullish bat harmonic. This would put us into a potential zone of perceived value, which could push us up out of the handle and towards the neckline of the cup and handle formation.
If we break the neckline I would then be looking for a break up out of the larger ascending channel. That would make it a bull flag (with maybe a back test for confirmation) and the bullish trend could continue.
Here is a closer look.
This would have me howling for the moon!
Owhooooo!
I am seeing us range within a larger ascending channel (bull flag?), and within that I see a cup and handle, a bullish bat harmonic and a descending triangle in play.
My whiskers are telling me that maybe the descending triangle will break to the downside, putting us close to D on the bullish bat harmonic. This would put us into a potential zone of perceived value, which could push us up out of the handle and towards the neckline of the cup and handle formation.
If we break the neckline I would then be looking for a break up out of the larger ascending channel. That would make it a bull flag (with maybe a back test for confirmation) and the bullish trend could continue.
Here is a closer look.
This would have me howling for the moon!
Owhooooo!
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