This is the exact pattern that was run on the 15 mins candle before the bump up .
Here is the 15 mins version ,,,Hmmm makes me wonder
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15 min version with the same colors as the daily
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A head and shoulders at the bottom makes sense to reverse poor old BTC back up to greener pastures ..
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Also a clever way to break some shorts and longs ...
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so this move up has to be a Bull -Trap
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heading towards 6532 ...
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keep an eye on this 15 min graph above as it updates quicker . IF BTC crosses the green line above then its probably genuine and BTC is being honest about moving up ...
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updated graph and made the green line longer so BTC can find it..
There a H and Shouiders up to 67xx and theres also a 9 wrapping up on the 4 hour which could lead to a 1-4 candle movement down . The other option is after the 9 candle wraps up BTC sets off a new count in the upwards direction to complete the H and S. - The 9 candle wraps up in another hour then we will know.
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......if BTC break lower than 6495 then it will most likely be a visit to the 632x area .
But .... If BTC remains above 6500 its going to complete the head and shoulders by heading to the 67xx area
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Either way ..Iv'e a suspicion BTC is heading to the 74xx area - its just being sly about it by taking a disguised path so as to wreck a few shorts and longs along the way ..
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Im going out on a limb here and stating that BTC is going to move past the 67xx area ..its been hovering in this zone for so long its going to move up past it . Plus that Head and shoulders is too good a deal to pass on ..buckle up and get ready for the move up.
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6652 currently but this move is incomplete till there a candle closing above 67xx or 71xx
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Note : BTC can drop as low as 6514 and still recover Dropping below 65xx is a problem
@coin6693, keep an eye on this 15 min graph as it updates quicker . IF BTC crosses the green line above then its probably genuine ...but it smells fishy to me currently ..
Potential_Try
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@mycotoxin, thank you so much.
and.. Should we consider the possibility of 6300?
mycotoxin
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@coin6693, yes... i could be wrong but I think thats where BTC is heading ,,,
Potential_Try
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@mycotoxin, It has helped a lot. thank you so much:)