Hello Traders today I am looking for continued buy. If price continues to accumulate in this pattern. Look for a
Buy opportunity around 3200-3300$ as sellers become weaker over time after the bullish impulse. We can see a clear pattern of Lower Highs and Lower Lows in price after the second rejections of 4350$. This is creating a bullish falling wedge within the downward range inwhich could lead to a 3rd impulse back to the top of the range. If range is broken and close above for the daily, look forward to a possible TP2 entry and higher.
TP1 between 3600-3700 if falling wedge is broken
TP2 between 4100-4200 If flag is broken.
TP3 would extend to 4300$
A break beyond 4400$ could turn market sentiment
A break below 3200$ could send price to 2900$ zone or even lower!
Do not trade this idea unless you're confident in your OWN analysis. This is just my short term daily / 4H .. Bulls are picking up and bears can't last forever. Wait for a solid break of structure before you make your own decision. Let the chart speak to you and tell you what is happening. Good Luck!
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Recent Fundamentals that could help these outlooks for price over time.
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.:.BULL.:. New Hampshire will join the state of Ohio if bill HB 470 passes and Indiana lawmakers are also in the midst of proposing a similar tax bill. THEY HAVENT PASSED IT THEY ARE LOOKING AT IT (this screams ACCCCCUUMMUULAAATIOOONNNN and wait patiently...) // Source youtu.be/HIrDiPMx3aM
.:.BULL:. Twitter CEO Promotes Bitcoin // Source ambcrypto.com/bitcoi...ets-native-currency/
.:.NEUTRAL:. Iran Continues BTC positive outlook to go full Crypto // www.coindesk.com/us-...yptocurrency-efforts
.:. BULL:. Binance Adds Credit Cards for payments Source: support.binance.com/...Credit-Card-Payments
Buy opportunity around 3200-3300$ as sellers become weaker over time after the bullish impulse. We can see a clear pattern of Lower Highs and Lower Lows in price after the second rejections of 4350$. This is creating a bullish falling wedge within the downward range inwhich could lead to a 3rd impulse back to the top of the range. If range is broken and close above for the daily, look forward to a possible TP2 entry and higher.
TP1 between 3600-3700 if falling wedge is broken
TP2 between 4100-4200 If flag is broken.
TP3 would extend to 4300$
A break beyond 4400$ could turn market sentiment
A break below 3200$ could send price to 2900$ zone or even lower!
Do not trade this idea unless you're confident in your OWN analysis. This is just my short term daily / 4H .. Bulls are picking up and bears can't last forever. Wait for a solid break of structure before you make your own decision. Let the chart speak to you and tell you what is happening. Good Luck!
-------------------------
Recent Fundamentals that could help these outlooks for price over time.
------------------------
.:.BULL.:. New Hampshire will join the state of Ohio if bill HB 470 passes and Indiana lawmakers are also in the midst of proposing a similar tax bill. THEY HAVENT PASSED IT THEY ARE LOOKING AT IT (this screams ACCCCCUUMMUULAAATIOOONNNN and wait patiently...) // Source youtu.be/HIrDiPMx3aM
.:.BULL:. Twitter CEO Promotes Bitcoin // Source ambcrypto.com/bitcoi...ets-native-currency/
.:.NEUTRAL:. Iran Continues BTC positive outlook to go full Crypto // www.coindesk.com/us-...yptocurrency-efforts
.:. BULL:. Binance Adds Credit Cards for payments Source: support.binance.com/...Credit-Card-Payments
Comment:
BTC going as planned. Still heading down.
Comment:
TP1 zone hit
Comment:
Expecting price to head to top of range TP2
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Comment:
A close at 3800 for the next session will confirm bullish momentum.
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Correction: 3760
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No close yet, but we are forming a continuation pattern, descending bullish flag pennant.
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Buy on the breakout of the flag.
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Good chance itll keep consolidated like this then do one more up movement. Be on the lookout, set alarms.
Comment:
still consolidated, nice flag forming