Golden-Dragon
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Bitcoin Update #04 - Let the Morning Star guide you!

BINANCE:BTCUSDT   Bitcoin / TetherUS
Hi, today we are going to talk more Bitcoin and its current landscape.

We identified a morning star pattern at the daily chart , a strong defense indicator, and the bulls supremacy in the short term. With the possible ending of the corrective movement, ABC of Elliott and with the confirmation of this setup of resumption of the optimism gave by the Morning Star we can expect a valorization until the $12.000,00 price level, where BTC it's going to decide his destiny. If such corrective movement is wholly consumed in 61% of the retracement ABC , we are going to have an annulation of the Shooting Star pattern at the weekly chart and the continuation of the bull run on the long term.

Thank you for reading and leave your comments if you like.
Comment: https://bit.ly/2xTm9aK
The pattern image link is above. Thank you for your participation!
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I don't see a morning Star pattern... The body of the bullish one should not overlap with the other both, otherwise I think it's not a morning Star pattern. But thx 4 the idea :)
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You can't just base your analysis on a candlestick pattern. we already have a broke of market structure, that morning star could be a signal for the %50 pullback.
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When altcoins season is going to start? This idea below explains it
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Agreed
Trap: BTC below $10,000 for the last time!
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The description says: there is no overlap between the body of the short candle and that of the candle before. If that is true, then we are not looking at a strong morning star pattern here. It's close, but not quite.
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@knowlton23, the pattern image link is above. Thank you for your participation!
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