BTC has been following this modified Schiff's pitchfork for a while now. Recently formed a H&S on the 4hr chart but that pattern didn't complete = bullish sign.
Today's volume exceeded previous day volume (but would have to wait on candle close to completely confirm).
BTC price has followed the pitchfork boundaries pretty well with a attempt to break out recently but met resistance form the Kijun and 50 day SMA.
Gann levels held nicely.
We can notice the price failure to go down to the pitchfork mean (Hagopian rule) which is telling of a powerful upcoming move in the opposite direction (ie UP). Looking at the Kumo, it's twist corresponds with the 06.03.2018. This seems to be the place of least resistance.
Possible breakout incoming on that date?
PS: I'd love to hear your opinions
Today's volume exceeded previous day volume (but would have to wait on candle close to completely confirm).
BTC price has followed the pitchfork boundaries pretty well with a attempt to break out recently but met resistance form the Kijun and 50 day SMA.
Gann levels held nicely.
We can notice the price failure to go down to the pitchfork mean (Hagopian rule) which is telling of a powerful upcoming move in the opposite direction (ie UP). Looking at the Kumo, it's twist corresponds with the 06.03.2018. This seems to be the place of least resistance.
Possible breakout incoming on that date?
PS: I'd love to hear your opinions
Trade active:
Price is going sideways along the 9617 and 11788 Gann level. Climbing every level little by little. Broke out of the pitchfork.
Looking to see what it will do on the 6th
Looking to see what it will do on the 6th