Hi All,
With the little pump, it looks like BTC is forming a Ascending Triangle.
There is a possibility it will just skip this resistance level and go up however I always thought if we are to break a strong key level, it will be slow and grinding.
I have noted that the Phoeix indicator was already above 50% before the move up which I overlooked.
Looking on the 12 HRLY, Daily and 2 Daily, all signs shows the upward pressure is there.
Another 24 hrs, if this holds, will help confirm the ascending triangle.
It it goes above 9450, then we will likely keep going up.
The chart below covers the 12 HRLY, Daily, 2 Daily charts and take note of the Phoeix and WT indicator.
Both are really good for the bigger time frame.
Compliments to www.tradingview.com/u/WyckoffMode/
Continuation of the previous post.
Please give me a like or tick for this post.
Regards,
S.Sari.
With the little pump, it looks like BTC is forming a Ascending Triangle.
There is a possibility it will just skip this resistance level and go up however I always thought if we are to break a strong key level, it will be slow and grinding.
I have noted that the Phoeix indicator was already above 50% before the move up which I overlooked.
Looking on the 12 HRLY, Daily and 2 Daily, all signs shows the upward pressure is there.
Another 24 hrs, if this holds, will help confirm the ascending triangle.
It it goes above 9450, then we will likely keep going up.
The chart below covers the 12 HRLY, Daily, 2 Daily charts and take note of the Phoeix and WT indicator.
Both are really good for the bigger time frame.
Compliments to www.tradingview.com/u/WyckoffMode/
Continuation of the previous post.
Please give me a like or tick for this post.
Regards,
S.Sari.
Comment:
Doesn't this now look so obvious
Comment:
chart update: ref. F.charts
Comment:
2nd scenario, it hit my target, main resistance
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This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
