Hey guys, hope you had a wonderful weekend. BTC broke the Daily inside bars like shown in the previous idea, and now we're consolidating. It's very important to note that we haven't broken the previous key resistance at 6850 yet => This gives us the opportunity for a inverted Head & Shoulders on the 4H & Daily.
Note also the very important fact, that so far, we haven't built Higher Lows yet in the Daily -we have been running with straight green candles & inside bars on the Daily. If we cannot manage to break the key resistance at 6850 & get above 7.000, we will see Daily Higher Lows coming.
So far on the 4H everything still looks ok for the bulls, grinding on the 12 EMA, not even touching the 26. But, the bulls certainly need to show follow through.
If you don't want to miss crucial inside bar breaks the next time, please like & subscribe, and watch my daily videos! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Note also the very important fact, that so far, we haven't built Higher Lows yet in the Daily -we have been running with straight green candles & inside bars on the Daily. If we cannot manage to break the key resistance at 6850 & get above 7.000, we will see Daily Higher Lows coming.
So far on the 4H everything still looks ok for the bulls, grinding on the 12 EMA, not even touching the 26. But, the bulls certainly need to show follow through.
If you don't want to miss crucial inside bar breaks the next time, please like & subscribe, and watch my daily videos! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.