BTCUSD - 11k break through ! reversed head and shoulders forming
BTC pushed as expected in my previous post. we can nicely see the consolidation for a new bullish pennant. I expect a clear cut above 11'000 then consolidate to 11'100 and more for the following hours.
Comment:
Pattern identification
1) See the wicks getting always smaller /thinner, with lower low and lower high.
2) This indicates the consolidation, and following a upwards trend, this pennant should explodes to the top.
Timing:
The push happens when the 100 EMA just go above the 10/20 EMA during 5 min. This is the right moment to place your long entry.
1) See the wicks getting always smaller /thinner, with lower low and lower high.
2) This indicates the consolidation, and following a upwards trend, this pennant should explodes to the top.
Timing:
The push happens when the 100 EMA just go above the 10/20 EMA during 5 min. This is the right moment to place your long entry.
Comment:
pushed as expected