Looks like BTCUSD is showing extremely bullish signs at this time. The bears didnt last long it seems.
The earlier volatility lead to a bullish crab forming and now we are up trending into a bullish butterfly which may assist to kick start things upwards- if price can get above 34k.
Not shown in this image but there are 2 major formations the bullish crab and a bearish crab. Both however can work together to propell BTC to 36k target- and long term 50k target. These are truly interesting times.
Ill stress if price does not get over 34k.. then we could fall lower and perhaps form anothe rharmonic- which will require additional analysis.
The purple box is the area of influence and area for best buying. Remember to set stops ( i rarely use them)..but you never know when needed. Lets get those profits *CHEERS*
The earlier volatility lead to a bullish crab forming and now we are up trending into a bullish butterfly which may assist to kick start things upwards- if price can get above 34k.
Not shown in this image but there are 2 major formations the bullish crab and a bearish crab. Both however can work together to propell BTC to 36k target- and long term 50k target. These are truly interesting times.
Ill stress if price does not get over 34k.. then we could fall lower and perhaps form anothe rharmonic- which will require additional analysis.
The purple box is the area of influence and area for best buying. Remember to set stops ( i rarely use them)..but you never know when needed. Lets get those profits *CHEERS*
Trade active:
Trading LONG will remain active- re-assess at 36.4k.
Moorsc0de aka Crypt0nomics aka Zaphkiel
