From analysis on the Weekly chart, bitcoin could continue pushing towards 44k before retracing or could soon retrace back to trend line before blasting off.
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Bitcoin went with Plan A. Now expecting a pullback around the 44/45k area
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impulsive push to the upside mitigating weekly supply as expected. Looking for a pullback to the trend line before next impulse.
impulsive push to the upside mitigating weekly supply as expected. Looking for a pullback to the trend line before next impulse.
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Playing out as expected.
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On the daily time Frame bitcoin is playing out a bullish Pennant. Price could push up to around 46k on positive ETF news and then drop further to the Trendline before taking off around halving time.
cdn.corporatefinance...ennant-pattern-1.png
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Dropped down to 4h time to see how price is developing. 1H order flow is bullish and just got a fractal change of character on 4h. (all bullish signals). Looking from price to close and hold above 44k
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price broke closed above 44k and broke out of pennant!! Tomorrow is going to be a great day for the mining stocks
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Break and close below 40k and we heading down
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This area is key...could go up from here after a 4th trendline touch or retrace further. seeing a lot of divergence so I have a feeling it may go lower
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Seeing some a nice reaction. Lets see if it can hold
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4h switched bullish to help facilitate pullback. My guards are still up
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looks like a triangle is playing out right before the halving. We could see a break to the upside.
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BTC broke out of triangle and can see a push to 80k