This is a bullish pattern with a high rate of failure . Expect aggresive move to the upside and even more agressive one to the downside .Short term trade .Take your 1-2-3% gains and get out .
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Full disclosure : i took a long trade from 9415eur/xbt with tight stop loss (-1%) ,and and TP above the upper green line resistence.
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TP well in the greeen then pullback ,as expected .
What's your view on higher timeframes, like daily or weekly?
Sam111
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@catalinmoraru82, my bias is bullish and i will only take scalp longs as long as price is above 10.8k usd . Once price is back at 10.8k usd ,is the first warning sign price could go lower . if it retests that 10.5 support (adams bottom) i will change my bullish bias to neutral .But looking at the 3 and 4h candles theres a strong buying pressure ,looks like BTC is ready for a blown off top .maybe at 11.7 k ,12k or even 13k ...