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hardforky
Mar 6, 2021 10:34 AM

BTC - Bullish Pattern (Consolidation) 

Bitcoin / U.S. dollarBitstamp

Description

For me the pattern is now confirmed. I'll clean this chart up when I have time later.

- Identifying these structures early on is often challenging - Target X was actually the top peak in the wedge ( I did wonder why the spike was so short)

--- Next 24 hours based on this pattern = Chop down to $47,400 (Today) . Then Long up to 50k (Sunday)

Best, Hard Forky

Comment

FYI: $47,400 target is active now.
Comments
hardforky
47,400 is the low for me so 47,400 as you would have tighter stops if leveraged
hardforky
@hardforky but typically on the resumption. Break back up to the level would probably be safe.
shore789
how high above 47.4k is it good to start to go long? lol
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