BTCUSD formed falling wedge- reversal pattern and break out resistance line of wedge. I interpret this impulse as a possible beginning of movement. Now BTS is moving in the flag - a figure of the continuation of the trend. We are above indicator MA50,100 and near 200 MA. targets 3800-3900
Bitcoin has made a little half-year record. It hasn't stayed so long above EMA200 since 2018 beginning of September!
Perfect reentry place should be around $3,500 but watch for quick movements downwards and candle closes downwards because there is also a small fractal on the game:
All the best!
randy73
⋅
Target reached.
scripter
⋅
BOTTOM NOT IN IMO...CAREFUL TRENDING....PROOF RIGHT THERE.
scripter
⋅
Pyrex1lol
⋅
1/10 this TA will work , gl traders :D
nDman_sk
⋅
lol, that is not a pennant! how the hell you came up with that?? lower trend line just has one contact with price!!
jthrasher
⋅
@nDman_sk, look on lower timeframe. it's like penant/flag thing for sure. Volume doesn't support the flag pattern very well though.
Perfect reentry place should be around $3,500 but watch for quick movements downwards and candle closes downwards because there is also a small fractal on the game:
All the best!