CMF spiked big. Possible breakout incoming. Falling wedge has been readjusted but it’s still valid.
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Wedge still valid. CMF still showing heavy accumulation this past day with that spike. Also noteworthy is the hidden bullish divergence on the 4 hr chart on the RSI.
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This is what I am thinking:
BTTBTC
BTTUSDT
I am trying to be biased but it's hard to ignore these extremely bullish patterns. Any way you look at it, BTT should break up toward $0.0015.
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Sorry I mean I am not trying to be biased, but's it's hard to ignore these extremely bullish patterns.
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Looks like BTT got rejected exactly at the resistance of the blue triangle. Possible slow dump until lower support is reached and then breakout. However, if volume kicks in at anytime, it might not even reach the lower support.
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So far everything seems to be on track. CMF Indicators keeps going up while price is consolidating inside of a bull flag/pennant (depending on the time frame you're looking at, daily is a horizontal bull flag, 4hr and 3hr it's a pennant). Volume is still low despite some spikes, which is what we want to see during the flag/pennant part. If you're worried about volume, don't worry, it will come during the breakout. Beside the bullish chart patterns, we can see CMF (indicating money flow) keeps shooting up, which is the most bullish indicator at the moment giving the short history of the token. CMF indicates that money is flowing in and that interest in the asset is increasing. Other indicators, we can see the Stoch and Stoch RSI on 4hr chart, both in the oversold region.
Most indicators indicate an incoming breakout, and signals seem to tend toward a bullish breakout.
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If you are interested in the target, a likely target is 45-46 satoshis. The target for the BTTUSDT chart varies based on bitcoin, so a target in satoshis is better.
Hmmm...guess I don't need to say much more. Still a big no. I guess you're not really qualified to comment on anybody else's chart let alone yours.
spyxo2x
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Do you expect this coin to keep rising higher than the arrow you drew?
a1037040
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@spyxo2x, that pump that broke out of the falling wedge, the volume is so much lower that previous breakouts. would not be surprised if it retests the bottom .00083XX or does a lower low :(
@spyxo2x, yes. Looks like resolution is very near though.
spyxo2x
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@rakeshm90, Yeah, I feel like it's a matter of hours till the whole market makes a (small) move up.
a1037040
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Hey Rakshm thanks for posting this mate, quick question, wouldn't low volume indicate a next dump?
UnknownUnicorn3272583
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@a1037040, a big dump never comes with low volume. Big dump on big volume is a bearish signal. Price going up on low volume is bearish signal. Price going up on high volume is bullish, as is also price going low on low volume. Basically low volume moves are not to be trusted. This makes the counter-trend portions of bear flags and bull flags. The flag part goes in the opposite way due to low volume then volumes comes back and breaks out from the flag.
a1037040
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@rakeshm90, man It's literally grinding on that upper trend, almost there.