^ Came back and held support on upper part of flag.
^ This is just the pattern it is forming right now. Due to the past week or so of low volatility BTCUSD must form this pattern because it becomes overbought relatively quickly on the lower time frames. What these means is that it takes a few candles of downward consolidation before the next move up. Use the bollinger bands and it is easy to tell whether or not...
Overbought on the lower time frames, a bit more sideways action, break the red resistance (slightly above 8700), test 9100 again, break , then 10K
^ Target set using height of flagpole
^ Called the first one, here's another.
^ nice
It may go as high as 6.78 or more (not too long of a flagpole but decent) within a few hours to a day
Nice inverse H&S. Also this is zoomed in on the handle on the big cup and handle and also the most important green trendline that goes years back (see linked post below). Good luck to the shorts that will get rekt.
First, look how strong the long green trendline is, we tested a couple of times, also with a double bottom in the past few days. Second, see the forming handle that we are currently in on the big cup and handle. Head to neckline indicates a target of 13883.74 and I expect it to be reached within a month.
LTCUSD surging and a BTCUSD double bottom make me believe it will. Just wanted to point this out, however.